National savings certificate is one of the post office schemes popularly known for dual reasons � investments and income tax savings. National saving certificates provide smart returns along with considerable savings in income tax. National saving certificate is one popular scheme which is a common means of tax saving among most middle class families in India because it is safe investment with good returns also. Here is some information about national savings certificates. If you need more, our experts at moneysuperbazaar.com have compiled a wealth of information for you.

National saving certificates can be bought at any post office through out the country. Any adult can invest money in national saving certificate in person or through an agent. However, purchasing a national savings certificate is so simple that you hardly need an agent for this. Investments in the national saving certificates can be done individually or jointly, but in either of the cases, benefits are similar. Technically speaking, there are 3 types of national savings certificates � single holdeazr, joint �a� type and joint �b� type.

Here are some of the salient features of national saving certificates. The maturity period of national saving certificate is 6 years and the interest is 8% compounded on a half yearly basis. There is no maximum limit to invest money in the national savings certificate but there is certainly a lower bound which is 100 rupees. There are various denominations like 100, 500, 1000 etc. available to invest in national savings certificates. Nomination facility is also available when investing in national saving certificates which means that you can nominate your closed ones to get the maturity amount in case you are not available or in case of some mishaps. All the salient features, methods of buying a national savings certificate and info about the related benefits can be found here at moneysuperbazaar.com.

Another good feature of a national savings certificate is that they are transferrable, i.e. they can be transferred from post office to post office or person to person. Even in case of national saving certificate being lost or stolen or destroyed, a duplicate national savings certificate can be issued. National savings certificates are also considered a safe investment as compared to other numerous tax saving investment plans these days. This is because national saving certificate scheme is owned by government and hence chances of cheating and failures are relatively very less. And also, since you find post offices in remotest of the villages, national savings certificates are good for lower income class and people from all areas of the society.