The plan is specifically designed for government employees, businessmen and other salaried classes of tax payers.
There is no maximum limit for investment.
There is no no tax deduction at source.
Certificates can be kept as collateral security to obtain loans from banks.
Rs 1,00,000 / - qualified IT annual rebate under section 80C of the Income Tax Act.
Trust and HUF. cannot invest.
Interest rates are good
To Buy National Savings Certificates (NSCs) per month for five years - an investment back at maturity, and the rest - On the retirement of the NSC as it matures, you receive a monthly pension.
Can be purchased by the holder of the type certificate, on behalf of the elderly by themselves or in small or small.
To be eligible for tax rebate under deposits. 80C of the IT Act.
Interest accruing annually but deemed to be reinvested under Section 80C of IT Act.
NSC VIII and IX issue in the case, the date of maturity from the date of issue of the transfer of an individual certificates can only be done once.
Another man at the time of transfer certificates, the old certificates will not be discarded.
National Savings Certificates (NSC) small savings schemes are very popular investment.specifically designed for government employees, businessmen and other salaried classes of tax payers.
Now National Savings Certificate (NSC) will be available in electronic form. Far from the printed paper. The Finance Ministry said in a statement, April 1 2016 NSC and KVP will be printed instead of the electronic form. However, that is not connected to the bank or post office core banking, it may choose to give a printed certificate.