The features of Monthly Income Scheme (MIS) and National Savings Certificate (NSC) are compared in the table below
| Feature |
Monthly Income Scheme (MIS) |
National Savings Certificate (NSC) |
| 1. Minimum amount to be invested |
₹ 1500 |
₹ 100 |
| 2. Length / time period |
5 years |
5 yrs |
| 3. Maxirpum limit of investment |
₹ 4.5 lakhs (singly) or 9 lakhs (jointly) |
No limit
|
| 4. Income Tax rebate |
No |
Yes, under Section 80CC of Income Tax Ac |
| 5. Premature / Partial withdrawa |
Allowed after one year with deductions |
Allowed after one year with deductions and under certain conditions |
| 6. Rate of interest |
7.7% currently (changes from time to time) |
8.0% currently (changes from time to time) |
| 7. Facility of monthly income |
Yes |
No |
