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(NSC VIII Issue) |
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Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses.
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No maximum limit for investment. |
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No tax deduction at source. |
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Certificates can be kept as collateral security to
get loan from banks. |
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Investment up to INR 1,00,000/- per annum qualifies
for IT Rebate under section 80C of Income Tax Act. |
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Trust and HUF cannot invest. |
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(NSC IX Issue) |
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No maximum limit for investment. |
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INR. 100/- grows to INR 234.35 after 10 years. |
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Minimum INR. 100/- No maximum limit available in denominations of
INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-. |
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A single holder type certificate can be purchased by an adult for
himself or on behalf of a minor or to a minor. |
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Buy National Savings Certificates (NSCs) every month for
Five/Ten years – Reinvest on
maturity and relax - On retirement it will fetch you monthly pension
as the NSC matures. |
National
Savings Certificates