{"id":4500,"date":"2023-04-24T20:35:54","date_gmt":"2023-04-24T15:05:54","guid":{"rendered":"https:\/\/fatakpay.com\/blog\/?p=4500"},"modified":"2026-01-23T14:01:29","modified_gmt":"2026-01-23T08:31:29","slug":"what-is-national-savings-certificate","status":"publish","type":"post","link":"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/","title":{"rendered":"What is National Savings Certificate?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Introduction_to_National_Savings_Certificate\" >Introduction to National Savings Certificate:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Key_Features_of_National_Savings_Certificate\" >Key Features of National Savings Certificate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Who_can_Invest_in_NSC\" >Who can Invest in NSC?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#How_and_where_can_you_buy_NSC\" >How and where can you buy NSC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#What_is_the_NSC_Certificate_Number\" >What is the NSC Certificate Number?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Tax_Benefits_of_NSC\" >Tax Benefits of NSC<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Features_Benefits_of_NSC\" >Features &amp; Benefits of NSC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Fixed_Income\" >Fixed Income:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Compounding_of_Interest\" >Compounding of Interest:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Nomination\" >Nomination:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Investment_option_that_is_simple\" >Investment option that is simple:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Tax_benefit_of_NSC\" >Tax benefit of NSC:<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Low_Risk\" >Low Risk:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Minimum_Deposit\" >Minimum Deposit:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Loan_facility\" >Loan facility:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Premature_Withdrawal\" >Premature Withdrawal:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Modes_Types_of_NSC\" >Modes &amp; Types of NSC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Single_Holder_Type_Certificate\" >Single Holder Type Certificate:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Joint_%E2%80%98A_Type_Certificate\" >Joint \u2018A\u2019 Type Certificate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Joint_%E2%80%98B_Type_Certificate\" >Joint \u2018B\u2019 Type Certificate:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#Documents_required_for_NSC\" >Documents required for NSC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#How_to_Redeem_NSC_Certificate_At_Maturity\" >How to Redeem NSC Certificate At Maturity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#NSC_vs_other_Tax-Saving_Schemes\" >NSC v\/s other Tax-Saving Schemes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-national-savings-certificate\/#About_FatakPay\" >About FatakPay:&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_to_National_Savings_Certificate\"><\/span>Introduction to National Savings Certificate:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>One of the most popularly used saving instruments is the <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">National Savings Certificate<\/mark>. Investors have easy access to it because it is available at post offices. Conservative investors looking for low-risk investing opportunities to generate a steady income may want to have a look at NSC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Features_of_National_Savings_Certificate\"><\/span>Key Features of National Savings Certificate:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Investment Tenure<\/td><td>5 Years<\/td><\/tr><tr><td>Interest Rate<\/td><td>7.7% Compounded Annually<\/td><\/tr><tr><td>Minimum Investment<\/td><td>\u20b91000 (multiples of \u20b9100 thereafter )<\/td><\/tr><tr><td>Maximum Investment Limit<\/td><td>No Maximum Limit<\/td><\/tr><tr><td>Tax Benefit in a financial year<\/td><td>Up to \u20b91.5 lakh as per Section 80C limit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Additionally, the <strong>National Savings Certificate&#8217;s interest<\/strong> rate is assured and predetermined. The interest rate is subject to quarterly assessment and revision by the Ministry of Finance. Investors can get a tax benefit of up to Rs.1.5 Lakh.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_Invest_in_NSC\"><\/span>Who can Invest in NSC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All individuals, minors above 10 years of age, and legal guardians or parents on behalf of a minor can make investments in a <strong>National Savings Certificate<\/strong>. One can earn assured returns at the prevailing interest rate in NSC.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_and_where_can_you_buy_NSC\"><\/span>How and where can you buy NSC?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Currently, there are two ways to purchase the NSC scheme: electronically (e-mode) or through a passbook. You can acquire them at public sector banks, some permitted private institutions, or at a post office.<\/p>\n\n\n\n<p>If your <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">Internet Banking<\/mark> is activated, you can buy the NSC scheme online in e-mode with a savings account at an authorised bank or post office. The current NSC interest rate is 7.7% yearly compounded.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_NSC_Certificate_Number\"><\/span>What is the NSC Certificate Number?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Every issued NSC certificate has a special certificate number that identifies it and includes important information like the post office branch that issued it. On the certificate, the NSC Certificate Number is clearly visible and can be used to verify the legitimacy and authenticity of the <strong>NSC investment<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Benefits_of_NSC\"><\/span>Tax Benefits of NSC<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>NSC qualifies for its main tax break under Section 80C of the Income Tax Act. This enables investors to take advantage of the Section 80C tax deduction of up to Rs. 1.5 lakh every fiscal year. However, in addition to life insurance premium payments, this ceiling of 1.5 lakh for tax-saving investments also covers other alternatives like <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">PPF<\/mark>, <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">EPF<\/mark>, and <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">ELSS<\/mark> Mutual Funds.<\/p>\n\n\n\n<p>On NSC interest collected during the first four years of the investment, a secondary tax deduction benefit is payable. This is due to the NSC&#8217;s interest being reinvested for these four years. The interest received from NSCs is taxable at the applicable slab rate under the heading &#8220;Income from Other Sources&#8221; in the fifth year, or upon maturity.<\/p>\n\n\n\n<p>Let&#8217;s use an illustration to better grasp this. Let&#8217;s imagine you invested Rs.5,000 in National Savings Certificates. As of right now, Section 80C permits you to deduct the initial investment amount in the first year. The interest of 385 will be recorded under the heading Income from Other Sources in the second year. However, Section 80C allows for a deduction for this sum. Similar to this, you can deduct the interest generated from the NSC until the year of maturity each year under Section 80C. The amount of interest that is paid out at maturity will be taxed according to your income tax rate bracket.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features_Benefits_of_NSC\"><\/span>Features &amp; Benefits of NSC<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Here are some of the main characteristics and advantages of National Savings Certificates:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fixed_Income\"><\/span>Fixed Income:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p> You may expect consistent and secure returns. The interest rate on National Savings Certificates right now is 7.7% annually. Additionally, the Government updates the tariffs every three months. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Compounding_of_Interest\"><\/span>Compounding of Interest:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p> Interest is compounded annually and reinvested for the first four years after the investment is made. For the first four years, you may file a tax deduction. NSC interest in the final year is taxable because it wasn&#8217;t reinvested.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nomination\"><\/span>Nomination:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The investor has the option to nominate a member of their family or a minor. This guarantees that, in the event of the investor&#8217;s passing, the nominee will be able to inherit the maturity funds. The following are the nomination guidelines:<\/p>\n\n\n\n<p>There can only be one nominee, unless the National Savings Certificate has a denomination of 500 or above.<\/p>\n\n\n\n<p>If the nominee is a minor, the bank or post office should know who the guardian or other responsible adult is.<\/p>\n\n\n\n<p>If a minor holds a National Savings Certificate, the nomination function is not available.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investment_option_that_is_simple\"><\/span>Investment option that is simple:&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You can invest in National Savings Certificates by going to any post office or specific public and private banks. You only need to provide the necessary <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">KYC<\/mark><strong> documentation<\/strong>. The entire procedure is simple and easy.:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_benefit_of_NSC\"><\/span>Tax benefit of NSC:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Section 80C allows for a deduction of up to 1.5 lakh rupees per <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">financial year<\/mark> for investments made towards <strong>National Savings Certificates<\/strong>. You can therefore profit from <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">tax benefits<\/mark> on your investments.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Low_Risk\"><\/span>Low Risk:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p><strong>National Savings Certificates<\/strong> are regarded as low-risk investment options and are thought to be the best choice for risk-averse investors because the Indian Government backs them.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Minimum_Deposit\"><\/span>Minimum Deposit:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Investors must make a minimum deposit of Rs.100 to begin investing in National Savings Certificates. There is no maximum investment amount; it can be in multiples of 100.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Loan_facility\"><\/span>Loan facility: <span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Individuals may borrow money from banks using their <strong>National Savings Certificates<\/strong> as collateral.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premature_Withdrawal\"><\/span>Premature Withdrawal: <span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>However, it can be acceptable in some cases. A court order or the death of the real investor are examples of this.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Modes_Types_of_NSC\"><\/span>Modes &amp; Types of NSC<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The many ways that investors can hold <strong>National Savings Certificates<\/strong> are as follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Single_Holder_Type_Certificate\"><\/span>Single Holder Type Certificate:&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Single-holder certificates are exclusively given out to single individuals, as the name implies. He or she may suggest a candidate for the certification. However, the decision-making power rests with the original holder. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Joint_%E2%80%98A_Type_Certificate\"><\/span>Joint \u2018A\u2019 Type Certificate:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Joint &#8216;A&#8217; type certificates, which are granted to joint holders, or two adults, are available. The proceeds of the certificate are paid to both of these joint holders when it matures. Both people are involved in making decisions. The signature of both joint holders is necessary in order to appoint a nominee, cancel the nomination, or transfer the nominee.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Joint_%E2%80%98B_Type_Certificate\"><\/span>Joint \u2018B\u2019 Type Certificate:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>This sort of <strong>National Savings Certificate<\/strong> is also offered to two people. However, the primary distinction between type &#8220;A&#8221; and type &#8220;B&#8221; is that the maturity value in the latter is paid to any one of the joint holders. Type &#8220;B&#8221; retains the same decision-making and nomination rights as Type &#8220;A.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_NSC\"><\/span>Documents required for NSC<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Completed NSC Application Form<\/p>\n\n\n\n<p>Documentation used as identity proof, including a <strong>PAN, <\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">an Aadhaar card<\/mark>, and a driver&#8217;s licence.<\/p>\n\n\n\n<p>Documentation that demonstrates an address, such as an Aadhaar card, a passport, a phone bill, etc.<\/p>\n\n\n\n<p>Recent picture<\/p>\n\n\n\n<p>Your desired investment amount in cheque or cash<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Redeem_NSC_Certificate_At_Maturity\"><\/span>How to Redeem NSC Certificate At Maturity?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You must sign into the <strong>Internet Banking<\/strong> account you used to obtain the NSC certificate if you want to redeem your e-NSC certificate. Once logged in, you may use the portal to submit a request for the redemption of your e-NSC certificate. The sum will be credited to your linked savings account after redemption is complete.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NSC_vs_other_Tax-Saving_Schemes\"><\/span>NSC v\/s other Tax-Saving Schemes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Particulars<\/td><td>Returns<\/td><td>Lock-in Period<\/td><td>Risk Profile<\/td><\/tr><tr><td>National Savings Certificate<\/td><td>7.7% p.a.<\/td><td>5 years<\/td><td>Low risk<\/td><\/tr><tr><td>Equity-Linked Savings Scheme<\/td><td>Market-linked.<\/td><td>3 years<\/td><td>Moderately High<\/td><\/tr><tr><td>Public Provident Fund<\/td><td>7.1% p.a.<\/td><td>15 years<\/td><td>Low risk<\/td><\/tr><tr><td>Sukanya Samriddhi Yojana<\/td><td>8% p.a.<\/td><td>21 years<\/td><td>Low risk<\/td><\/tr><tr><td>Senior Citizen Savings Scheme<\/td><td>8.2% p.a<\/td><td>5 Years<\/td><td>Low risk<\/td><\/tr><tr><td>Unit Link Insurance Plan<\/td><td>Market-Linked<\/td><td>5 years<\/td><td>Moderately High<\/td><\/tr><tr><td>National Pension Scheme<\/td><td>Market-Linked<\/td><td>Till retirement (60 years, extension can be availed up to the age of 70 years)<\/td><td>Moderately High<\/td><\/tr><tr><td>Fixed Deposits<\/td><td>7% to 7.5% p.a.<\/td><td>5 years<\/td><td>Low ris<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>If you\u2019re comparing safe investment schemes for long-term wealth creation, reading about <strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-nps\/\" target=\"_blank\" rel=\"noopener\">what is nps<\/a><\/strong> and <strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-ppf\/\" target=\"_blank\" rel=\"noopener\">what is ppf<\/a><\/strong> can help you make a more informed decision beyond National Savings Certificate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_FatakPay\"><\/span>About FatakPay:&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>FatakPay<\/strong> provides <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">virtual credit<\/mark> facilities for all. It&#8217;s available on your phone and caters to your everyday needs in both online and offline formats. Payments are done seamlessly through UPI\/QR codes. The solution provides an almost zero cost, free, quick, transparent and secure way to transact in a multilingual format with a Scan Now, Pay Later facility and easy repayment options.<\/p>\n\n\n\n<p>Link to FatakPay App: <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/link.ftkp.in\/2uSI\/dkasgvnf\" target=\"_blank\" rel=\"noopener\">https:\/\/link.ftkp.in\/2uSI\/dkasgvnf<\/a><\/mark><\/p>\n\n\n\n<p>Link to the Website: <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/fatakpay.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/fatakpay.com\/<\/a><\/mark><\/p>\n\n\n\n<p><\/p>\n\n\n<p><\/p>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"BlogPosting\",\n  \"headline\": \"What is National Savings Certificate?\",\n  \"description\": \"Learn about the National Savings Certificate (NSC) \u2014 a government-backed savings scheme offering secure returns and tax benefits for investors.\",\n  \"image\": \"https:\/\/fatakpay.com\/blog\/wp-content\/uploads\/2023\/04\/what-is-NSC-1.jpg\",\n  \"datePublished\": \"2023-04-24\",\n  \"dateModified\": \"2023-04-24\",\n  \"mainEntityOfPage\": {\n    \"@type\": \"WebPage\",\n    \"@id\": \"https:\/\/fatakpay.com\/blog\/what-is-national-savings-certificate\/\"\n  },\n  \"author\": {\n    \"@type\": \"Organization\",\n    \"name\": \"FatakPay Digital Pvt. Ltd.\",\n    \"url\": \"https:\/\/fatakpay.com\"\n  },\n  \"publisher\": {\n    \"@type\": \"Organization\",\n    \"name\": \"FatakPay Digital Pvt. Ltd.\",\n    \"logo\": {\n      \"@type\": \"ImageObject\",\n      \"url\": \"https:\/\/fatakpay.com\/assets\/images\/logo\/Logo.svg\"\n    }\n  }\n}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Introduction to National Savings Certificate: One of the most popularly used saving instruments is the National Savings Certificate. Investors have easy access to it because it is available at post offices. Conservative investors looking for low-risk investing opportunities to generate a steady income may want to have a look at NSC. Key Features of National<\/p>\n","protected":false},"author":1,"featured_media":6777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[97,95,103,224,122],"class_list":{"0":"post-4500","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-learn-finance","8":"tag-fatakpay","9":"tag-financial-wellness","10":"tag-investments","11":"tag-national-savings-certificate","12":"tag-savings"},"_links":{"self":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/comments?post=4500"}],"version-history":[{"count":11,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4500\/revisions"}],"predecessor-version":[{"id":7532,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4500\/revisions\/7532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media\/6777"}],"wp:attachment":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media?parent=4500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/categories?post=4500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/tags?post=4500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}