National Savings Certificate (IX Issue)

Interest payable, Rates, Periodicity etc.

• Rate of interest 8.90%.
• Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 238.87 after 10 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. Interest on these certificates shall be liable to tax under the Income-Tax Act, 1961 (43 of 1961, on the basis of annual accrual specified in rule15, but no tax shall be deducted at the time of payment of discharge value.