National Savings Certificate (NSC): People offer FD or RD to get good returns on their rupee. It not only keeps the money safe but also gets good interest. But, in the recent past, the interest on the part of banks is being reduced so that people are now looking for new ways to get good returns. The small savings scheme of the Post Office is also much better to invest money. The scheme gives a good return on investment which is attracting people these days. In fact, we are talking about the National Savings Certificate being run by the Post Office, which can get a very good return at this time.
Learn what is the National Savings Certificate (NSC)?
The National Savings Certificate is a Small Savings Scheme which is run by India Post Office. In this scheme, any person can also invest with Rs. 100 by opening his account in the post office. Any citizen can invest in this scheme according to his capacity, i.e., there is no limit to invest in the National Savings Certificate. The scheme can also be purchased in the name of children. It adds interest every year. The main advantage is that it also gets tax exemptions but only up to Rs 1.5 lakh.
How to go invest?
The national savings certificate, which is being run by India Post, gives investors a very good return at a fixed rate of interest. You can buy this certificate from your nearest post office, and for this you only have to fill out one form. In this form you have to give some simple information about yourself but accurately. While submitting the form, photocopies of some of the necessary documents including Aadhaar card will also have to be in the form.
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You can buy this certificate not only in the hairstyle but also in the cheque. The maturity of this certificate is 5 years, while you have to wait for at least 1 year to remove the unmount from the open account in your post office. The interest rate in this certificate is changed every 3 months, but it is very good and that is why people like it. The benefit of the scheme will also be easily availed by people below 18 years of age. The children’s account can be opened as a guardian.
Know What Are The Benefits Of National Savings Certificate
If you do not know the benefits of the National Saving Certificate (Post Office National Saving Certificate, NSC), tell you for information that you can transfer it from one post office to another post office. Also, it can be done in the name of one person to another, that too very easily. If you talk of tax exemption, income Tax Saving is available in the National Savings Certificate under the Income Tax Act 80C. TDS is not deducted on the unmount. A loan can also be taken from banks or other economic institutions on the National Savings Certificate.
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