{"id":23467,"date":"2025-10-27T01:35:27","date_gmt":"2025-10-26T20:05:27","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=23467"},"modified":"2025-10-29T15:05:43","modified_gmt":"2025-10-29T09:35:43","slug":"national-savings-certificate-nsc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/national-savings-certificate-nsc\/","title":{"rendered":"What is National Savings Certificate (NSC)?"},"content":{"rendered":"<h2>About National Savings Certificate (NSC):\u00a0<\/h2>\n<ul>\n<li>It is a <strong>fixed-income investment<\/strong> scheme launched by the <strong>government of India<\/strong>.<\/li>\n<li>It aims at <strong>encouraging users,<\/strong> who are <strong>primarily low- to mid-income investors<\/strong>, to invest as well as save taxes.<\/li>\n<li>You can <strong>invest in NSC from<\/strong> the <strong>nearest post office in your name<\/strong>, <strong>for a minor or<\/strong> with another adult <strong>as a joint account.<\/strong><\/li>\n<li><strong>Features<\/strong>:\n<ul>\n<li><strong>Interest Rates<\/strong>: The certificates earn an <strong>annual fixed interest<\/strong>, which is <strong>revised every quarter<\/strong> by the government, thus guaranteeing a regular income for the investor.<\/li>\n<li><strong>Maturity Period: Five years.<\/strong><\/li>\n<li>The <strong>amount of NSCs<\/strong> that can be purchased has <strong>no upper limit<\/strong>.<\/li>\n<li><strong>Tax Saver:<\/strong> As a government-backed tax-saving scheme, the principal invested in NSC <strong>qualifies for tax savings under Section 80C<\/strong> of the Income Tax Act <strong>up to Rs. 1.5 lakhs annually.<\/strong><\/li>\n<li><strong>Accessible<\/strong>: It can be <strong>easily bought from any post office<\/strong> on submission of the required <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/kyc\/\" target=\"_blank\">KYC<\/a> documents. Also, it is <strong>easy to transfer<\/strong> the <strong>certificate from one PO to another,<\/strong> as well as <strong>from one person to another,<\/strong> without impacting the interest accrual\/maturity of the original certificate.<\/li>\n<li><strong>Loan Collaterals:<\/strong> NSC certificates are <strong>accepted as collateral<\/strong> or security <strong>for secured loans <\/strong>in Banks and <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/what-is-a-non-banking-financial-company-nbfc\/\" target=\"_blank\">NBFCs<\/a>.<\/li>\n<li><strong>Nomination<\/strong>: The investor <strong>can nominate<\/strong> any <strong>family member<\/strong> (even a minor) so that <strong>they can inherit<\/strong> it <strong>in the <\/strong>unfortunate event of the <strong>investor\u2019s demise.<\/strong><\/li>\n<li><strong>Premature Withdrawal<\/strong>: Generally, one <strong>cannot exit the scheme early <\/strong>except on the death of an investor, on a court order, or on forfeiture by a pledgee who is a Gazetted Government Officer for it.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Eligibility Criteria for NSC:<\/strong>\n<ul>\n<li>Hindu Undivided Families (<strong>HUFs<\/strong>), <strong>Trusts, and Private<\/strong> and <strong>public limited companies<\/strong> are <strong>not eligible<\/strong> to invest in NSC.<\/li>\n<li>The individual <strong>must be a resident Indian citizen<\/strong>. Non-resident Indians (<strong>NRIs<\/strong>) are <strong>not eligible<\/strong> to invest in NSC.<\/li>\n<li>There is <strong>no age limit<\/strong> for individuals to purchase an NSC.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1 What is Section 80C of the Income Tax?<\/h3>\n<p>Section 80C of the Income Tax Act allows for certain expenditures and investments to be exempt from income tax.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/business.outlookindia.com\/personal-finance-news\/pm-modi-invests-in-this-post-office-scheme-check-all-major-schemes-at-post-offices\" target=\"_blank\" rel=\"nofollow noopener\">PM Modi Invests In This Post Office Scheme: Check All Major Schemes At Post Offices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Savings Certificate (NSC) is a fixed-income investment scheme launched by the government of India.<\/p>\n","protected":false},"author":5,"featured_media":23468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-23467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/23467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=23467"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/23467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/23468"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=23467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=23467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=23467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}