National Savings Certificate (VIII Issue)

Interest payable, Rates, Periodicity etc.

• Rate of interest 8.60%.
• Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 152.35 after 5 years.  

Investment limits and Denominations

• Minimum INR. 100/-
• No maximum limit.
• Denominations available - INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

Salient features including Tax Rebate

1. A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
2. Deposits qualify for tax rebate under Sec. 80C of IT Act.

   
   
3. The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act.