Looking for investment opportunities? Know the details of the National Savings Certificates (NSC) system

Postal Savings Plan: Those looking for investment opportunities should be aware of India Post’s National Savings Certificates (NSC) scheme. One can get 6.8 percent compound interest annually with the scheme. For more information, interested persons can log on to the official India Post website at

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Interest rate
Prospective depositors should note that under the NSC scheme an adult can deposit for five years. The interest rate is 6.8% compounded annually but payable at maturity. It should also be noted that Rs 1000 becomes Rs 1389.49 after five years under this program.

Interested persons should know who are eligible to open an account under this scheme. It should be noted that a single adult is eligible to open an account. In addition, a joint account can be held by three adults. The account can be opened by a guardian in the name of a minor or in the name of an insane person, a minor over 10 years old in his own name.

The deposit will mature at the end of a period of five years from the date of deposit. In case of further details, interested depositors can log on to the official website of India Post at

Maximum and minimum limit
Customers under the NSC regime can deposit a minimum of Rs 1000 and in multiples of Rs 100. Be aware that there is no maximum limit. Also, any number of accounts can be opened under the program. However, it should also be noted that the deposits are eligible for a deduction under Section 80C of the Income Tax Act.

In case of further queries and details, interested persons can log on to the official India Post website at