i have a sister in my native and she recently got job in a school there. she wants to start saving right from the first month. i have heard of national saving’s certificate from post offices. but have no knowledge on how it works. please give some details to help me know better.Asked 88 day(s) back
National savings certificate is very popular in rural India. When we approach a post office and we get an application form to NSC (national savings certificate). If the applicant is a person over 18 years then he/she can directly apply on his/her name. It provides an interest rate of 8% and it is applicable half yearly.