Banking Term: National Saving Certificate
- A bond issued by government (Department for National Saving).
- There have been some thirty one different issues of these certificates on which an interest, an index-linked increase or a bonus are payable on maturity or earlier.
- The certificate can be enchased at any time and interest is taxfree.
- Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses.