What is the National Savings Certificate (NSC)?

by Dr. Gaurav Sinha , Mr. Vinay Kohli · Unit 31 of 100

The National Savings Certificate (NSC) is a government-backed savings instrument that encourages long-term investment. It offers a fixed rate of interest for a predetermined tenure and provides tax benefits under prevailing regulations. NSC is generally considered suitable for individuals seeking stable returns with relatively low investment risk.

What is the Employees' Provident Fund (EPF)? What is the Post Office Monthly Income Scheme (POMIS)?