NRIs cannot purchase new NSC certificates but can hold existing

The National Savings Certificate is a savings scheme from the Indian government that gives a fixed interest rate.

People living in India can buy it to grow their savings and lower their taxes.

The certificate currently earns 7.7% interest every year for the July to September 2026 period.

The interest is added to the certificate each year, but you only get your money back at the very end.

You can start saving with just ₹1,000 and add more money in steps of ₹100.

There is no limit on how much you can put in.

If an Indian person moves to another country and becomes an NRI, they cannot buy a new certificate anymore.

But if they already have one, they can keep it until it finishes.

Closing the certificate early is only allowed in special cases, like when the owner passes away.

Once the certificate matures, you cannot extend it for more time.