National Savings Certificate.

• Minimum investment Rs. 500/- No maximum limit.

• Rate of interest 8% compounded half yearly.

• Rs. 1000/- grow to Rs. 1601/- in six years.

• Two adults, Individuals, and minor through guardian can purchase.

• Companies,Trusts,Societies and any other Institutions not eligible to purchase.

• Non-resident Indian/HUF can not purchase.

• No pre-mature encashment.

• Annual interest earned is deemed to be reinvested and qualifies for tax rebate for first 5 years under section 80 C of Income Tax Act.

• Maturity proceeds not drawn are eligible to Post Office Savings account interest for a maximum period of two years.

• Facility of reinvestment on maturity.

• Certificates are encashable any Post office in India before maturity by way of transfer to desired post office.

• Certificates are transferable from one Post office to any Post office.

• Certificates are transferable from one person to another person before maturity.

• Nomination facility available.

• Tax Saving instrument - Rebate admissible under section 80 C of Income Tax Act.

• Interest income is taxable but no TDS

• Deposits are exempt from Wealth tax.