National Savings Certificates: India Post has a scheme for the  individuals interested in investing for savings.  The National Savings Certificates (NSC) scheme offers 6.8 per cent interest compounded annually but it is payable at maturity. For more information, the interested individuals can login to the official website of India Post at indiapost.gov.in.

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Scheme details and interest rate
The prospective depositors must note that under the NSC scheme, an adult can deposit for five years. The rate of interest is 6.8 per cent compounded annually but payable at maturity. It must also be noted that Rs 1000 grows into Rs 1389.49 ​after five years under this scheme.

Who are eligible?
The interested individuals must know who are eligible to open an account under this scheme. It must be noted that a single adult is eligible to open an account. Furthermore, a joint account can be held by three adults. The account can be opened by a guardian on behalf of minor or on behalf of person of unsound mind, a minor above 10 years in his own name.

Minimum and maximum limit
The customers under the NSC scheme can deposit a minimum of Rs 1000 and in multiples of Rs 100. One must know that there is no maximum limit. Furthermore, any number of accounts can be opened under the scheme. However, it must also be noted that the deposits qualify for deduction under section 80C of Income Tax Act.

Maturity
The deposit will mature on completion of five years from the date of the deposit. In case of any further details, the interested depositors can login to the official website of India Post at indiapost.gov.in.