Minimum Deposit
Min ₹1,000 (in multiples of ₹100)
Maximum Deposit
No Upper Limit
Scheme Tenure
5 Years Fixed Maturity
Tax Status
Sec 80C Eligible (Reinvested Interest)
Official Rules & Key Features
- Fixed Return: 7.7% p.a. locked-in for the full 5-year tenure.
- Deemed Reinvestment: Annual interest credited is automatically considered reinvested u/s 80C.
- Collateral Pledging: Accepted by banks as security collateral for personal/business loans.
- Transferability: Transferable once from one person to another.
- No TDS: No Tax Deducted at Source by Post Office.
Eligibility & Who Can Open Account
- Single adult or Joint Account (up to 3 adults).
- Guardian on behalf of minor.
- Minor above 10 years in their own name.
Taxation Rules
Deposit qualifies for Section 80C tax deduction up to ₹1.5 Lakh. Annual interest for first 4 years is deemed reinvested under Section 80C.
Premature Closure
Not allowed before 5 years except on court order or death of holder.
Required KYC & Verification Documents
Aadhaar Card, PAN Card, address proof.
Calculate Returns
Estimate exact maturity yield, monthly interest payout, or premium quotes for National Savings Certificate (NSC VIII Issue).
Open Scheme Calculator