Post Office NSC: 7.7% Interest, Tax Benefits, Loan Collateral, Superhit Scheme

• National Savings Certificate (NSC) offers 7.7% annual interest, higher than PPF's 7.1%.
• Minimum investment is 1,000 rupees with no upper limit, making it accessible for all income groups.
• Investments up to 1.5 lakh rupees are eligible for tax exemption under Section 80C of the Income Tax Act.
• NSC has a 5-year lock-in period and no TDS deduction, enhancing its attractiveness.
• Certificates can be used as collateral for loans from banks and NBFCs, providing liquidity.

Why It Matters: NSC is a superhit Post Office scheme offering high interest, tax benefits, and loan collateral options.