National savings scheme

It is issued by the Government of India.

Anyone above the age of 18 can buy a National Savings Certificate for himself or for a minor.

The maturity period of a National Savings Certificate is six years.

The ownership of the National Savings Certificate can be changed from one person to another.

There is no upper limit of investing in the National Savings Certificates.

The income that is made from the interest provided by the National Savings Certificates can be subjected to income tax. However, if the earning is invested again then it may not be taxed.