<P> These can be purchased from any Post Office in India by an adult (either in his / her own name or on behalf of a minor), a minor, a trust, and two adults jointly . These are issued for five and ten year maturity and can be pledged to banks as collateral for availing loans . The holder gets the tax benefit under Section 80C of Income Tax Act, 1961 . </P> <P> Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc . </P> <P> The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for "nation - building". </P> <P> Discontinuation of Physical Certificate </P>

National saving certificate goes to which account of government of india