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HomeEducation Education Smart Savers: #5 National Savings Certificates Smart Savers: #5 National Savings Certificates

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Smart Savers: #5 National Savings Certificates

Smart Savers: #5 National Savings Certificates

Thursday, April 6, 2017, 3:14 PM
National Savings Certificates is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India. The maturity date for these certificates is set to 5 or 10 years from the date of purchase, but the interest is calculated on yearly basis. This interest will not be paid to the certificate holder till such time as the investment matures.
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