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The National Savings Certificate, or NSC is a low-risk fixed income investment scheme that you can open with any post office branch. It is a savings bond that encourages subscribers – mainly small to mid-income investors – to invest while saving on income tax. You can avail it from the nearest post office in your own name, for a minor, or with another adult as a joint account. NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs.1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is revised on a regular basis by the government. Banks and NBFCs accept NSC as collateral or security for secured loans. To do this, the concerned postmaster should put a transfer stamp on the certificate and transfer it to the bank. Generally, one cannot exit the NSC scheme early. However, early exit is accepted in exceptional cases like the death of an investor or if there is a court order that mandates it.