NSC - National Saving Certificate

NSC - National Saving Certificate

 

Duration (Year) : 5
Interest Rate : 8%

 

NSC - National Saving Certificate is popular post office tax saving scheme. This scheme gives you tax benefit under section 80C of the income tax act.

NSC - Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses. It doesn't have tax deduction at source and certificates can be kept as collateral security to get loan from banks. Trust and HUF cannot invest in NSC. Buy NSC - National Savings Certificates every month and Re-invest on maturity can relax - On retirement. it will fetch you monthly pension as the NSC matures.

In case of NSC VIII and IX issue, transfer of certificates from one person to another can be done only once from date of issue to date of maturity.

At the time of transfer of Certificates from one person to another, old certificates will not be discharged. Name of old holder shall be rounded and name of new holder shall be written on the old certificate and on the purchase application(in case of non CBS Post offices) under dated signatures of the authorized Postmaster along with his designation stamp and date stamp of Post office