5-Year National Savings Certificate (NSC)

The Indian government introduce the National Savings Certificate (NSC), a fixed-income investment vehicle. It attempts to save taxes and encourage users, who are mostly low- to mid-income investors, to invest. By going to the closest post office, you can invest in NSC in your name, jointly, or on behalf of a minor. For NSC, the maturity period is five years. All NSC post offices carry the NSC scheme, which is also promoted by the Indian government. The program has gained a lot of traction in India because of the large number of post offices there and their convenient location. The National Savings Certificate (NSC) boasts security and tax benefits, but it's not perfect for every investor. The main drawbacks are limited liquidity due to a 5-year lock-in, potential for interest rates to fall behind inflation, and lower overall returns compared to some riskier investments. Additionally, while the principal amount gets a tax deduction, the interest earned is taxable. Those encountering concerns related to NSC’s can use our platform to file consumer complaints. With a commitment to providing exceptional Legal service, our team ensures prompt and effective assistance. We support through multiple online channels, and provide complete legal guidance and litigation support.