INDIA NATIONAL SAVING CERTIFICATE (NSC)
Since British Period Indian Post office used NSC for small saving for investment purpose. National Savings Certificate is a fixed income investment scheme that you can open easily with any post office. It is a savings bond scheme that encourages subscribers primarily small to mid-income investors to invest while saving on income tax under Section 80 C.
Earlier, physically pre-printed NSC certificates were issued by Post Offices. However, the same has been discontinued w.e.f. 01-July-2016.
Example of NSC issued during British era.
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