10 Things You Must Know About National Savings Certificate or NSC Eligible For Deduction Under Section 80C:
1) Scheme specially designed for Government employees,
Businessmen and other salaried classes who are Income Tax assesses.
2) There is no maximum Limit of Investment
3) No Tax deduction at source.
4) Certificates can be kept as collateral security to get loan from banks.
5) A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
6) Deposits qualify for tax rebate under Sec. 80C of IT Act.
7) Trust and Hindu Undivided Family cannot invest in this scheme.
8) Current Rate of Interest is 8.10%
9) Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 147.61 after 5 years.
10) One can buy them at Indian post office at https://www.indiapost.gov.in
7) Trust and Hindu Undivided Family cannot invest in this scheme.
8) Current Rate of Interest is 8.10%
9) Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 147.61 after 5 years.
10) One can buy them at Indian post office at https://www.indiapost.gov.in
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