Latest NSC interest rate: National Savings Certificate (NSC) is a government-backed scheme and is considered to be one of the safest investment options that offers a very attractive rate of interest

Latest NSC interest rate 2025: What is the National Savings Certificate interest rate for Jan-March 2025 The main goal of the National Savings Certificate investment is to generate decent returns while also saving tax

National Savings Certificate (NSC) is a government-backed scheme and is considered to be one of the safest investment options that offers a very attractive rate of interest. The main goal of the National Savings Certificate investment is to generate decent returns while also saving tax.

Latest NSC Interest Rate (January – March 2025)

The interest rate on NSC is revised by the government every quarter. For the quarter ending March 2025, the NSC interest rate is 7.7% per annum, compounded annually.

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This is the same interest rate as the previous quarter because the government did not change the interest rates for the current quarter.

Latest Post Office Schemes interest rates: PPF, SCSS, SSY, other small savings schemes rates announced for Jan-Mar 2025 quarter

"The rate of interest on various Small Savings Schemes for the fourth quarter of FY 2024-25 starting from 1st January, 2025 and ending on 31st March, 2025 shall remain unchanged from those notified for the third quarter (1st October, 2024 to 31st December, 2024) of FY 2024-25," said the Department of Economic Affairs, Finance Ministry via press release dated December 31, 2024.

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The deposit matures five years from the date of investment. The maturity period for a National Savings Certificate investment is fixed at 5 years.

Latest PPF interest rate in 2025: What is the Public Provident Fund interest rate for January – March 2025?

Tax benefits
Deposits under NSC qualify for a deduction under Section 80C of the Income Tax Act, up to a maximum limit of Rs 1.5 lakh per financial year.

NSC investment details

The National Savings Certificate (NSC) can be opened by various individuals, including a single individual, joint account holders (up to three adults), a guardian on behalf of a minor or a person of unsound mind, and minors above 10 years in their own name. The minimum deposit required is Rs 1,000, with further investments in multiples of Rs 100, and there is no maximum limit. Additionally, any number of accounts can be opened under the scheme.

Pledging of NSC
NSC accounts may be pledged or transferred as security by submitting the prescribed application form at the relevant post office, accompanied by an acceptance letter from the pledgee. Transfers or pledging are permissible to specified authorities, including the President of India, the Governor of a State, RBI, scheduled banks, cooperative societies or banks, corporations (public or private), government companies, local authorities, and housing finance companies.

Premature closure of NSC accounts
Premature closure of NSC accounts is generally not allowed before five years, except in specific situations: the death of a single account holder or all joint account holders, forfeiture by a Gazetted Officer acting as a pledgee, or upon a court order. Furthermore, NSC accounts can be transferred from one person to another only under limited conditions, such as the death of the account holder to the nominee or legal heirs, the death of the account holder to joint holders, upon a court order, or when pledged to a specified authority.

Comparison of interest rates on NSC investment with interest rate on tax savings FDs
While NSC deposits offer an interest rate of 7.7% below are the interest rates offered by various bank tax saving FDs.

SBI Tax Saving FD: 6.50% (general), 7.50% (senior citizens)
HDFC Bank: 7.00% (general), 7.50% (senior citizens)
IndusInd Bank: 7.25% (general), 7.75% (senior citizens)
Axis Bank: 7.00% (general), 7.75% (senior citizens)
Bank of Baroda: 6.50% (general), 7.50% (senior citizens)
Canara Bank: 6.70% (general), 7.20% (senior citizens)
PNB (Punjab National Bank): 6.50% (general), 7.00% (senior citizens)

This story originally appeared on: India Times - Author:Faqs of Insurances