National Savings Institute (NSI)

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National Savings Institute was set up in 1948 in the name of national Savings Organization and is governed by the Union Ministry of Finance under the Department of Economic Affairs, Government of India. It is mainly focused upon gathering of small savings. The national savings institute executes the task of gathering small savings with the help of national level publicity of the same. The institute is also responsible for giving feed back to the ministry regarding construction of policies as well as redressing customer's queries and complaints. The headquarters of the national savings institute is at Nagpur.

Centers of National Savings Institute (NSI)



It has ten regional centers deployed in various parts in India namely, Jaipur (Rajasthan and Gujarat), Chandigarh (Punjab, Haryana, Himachal Pradesh, J and K, and UT of Chandigarh), Chennai (Tamil Nadu, Kerala, U.Ts. of Pondicherry, Lakshwadeep), Nagpur (Madhya Pradesh, Chhatisgarh and Nagpur Region), Delhi, Guwahati (Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikkim), Mumbai (Maharashtra except Nagpur region, Goa, U.Ts of Daman and Diu, Dadra Nagar Haveli), Lucknow (Uttar Pardesh, Uttaranchal), Bangalore (Andhra Pradesh and Karnataka), and Kolkata (Bihar, Jharkhand, West Bengal, Orissa, A & N Island).

Primary aim of National Savings Institute (NSI)

The primary aim of NSI is to be able to provide the highest technology possible to the different states of India. It wishes to acquire a stellar position in the small savings sector. Following are few objectives of National Savings Institute (NSI):
  • To incite people to go in for small savings
  • To formulate efficient service system among the investors in terms of small savings schemes
  • To coordinate with various small savings agencies who are involved in designing the schemes
  • To facilitate services in order to provide better access of small savings to the investors with the help of various instruments for savings
Schemes designed for National Savings Institute

  • Kisan Vikas Patra- Money doubles in 8 yr and 7 months. There is no limit on investment and its a single holder certificate
  • Post Office Monthly Income Account - 8 percent is payable on a yearly basis which precisely comes to ` 80/- every month on a deposit of ` 12000/-. The maturity period is 6 years but it can be encashed before the due date also.
  • 15 Year Public Provident Fund Account- 8 percent per annum is counted every year. The minimum depository amount is ` 500 and the maximum amount is ` 70,000. It abides by the rules of Sec-80 C of I.T. Act.
Agents of National Savings Institute

  • Standardized Agency System
  • Public Provident Fund Agency
  • Mahila Pradhan Kshetriya Bachat Yojana