In this video, we are talking about National Savings Certificate. NSC or National Savings Certificate is one of the most popular schemes among civilians. A fixed income scheme that can be opened at a post office is the National Savings Certificate. The scheme is a low-risk product and is secure. The NSC scheme is available at all NSC Post offices and the Indian Government promotes the NSC scheme. Due to the number of post offices present in India and the easy access to these post offices, the scheme has become very popular in India. The main aim of the scheme is for individuals to make small or medium savings, and tax benefits are provided for these savings. Since the scheme is encouraged by the Indian Government, the risks of investing in the scheme are low. The scheme was launched mainly for individuals, therefore, non-resident Indians (NRIs) and Hindu Undivided Families or HUF Category are not eligible to opt for this scheme. Only Indian citizens will be able to invest in the NSC scheme. Some important features of NSC: The minimum amount that a certificate can be purchased for is Rs.100. Short Maturity tenure 6.8% Compound Interest Nominee facility Different Types Of NSC Loan Against NSC Transfer of NSC Section 80C Benefits #nsc #postoffice

5 Years National Savings Certificate (VIII Issue) From 01.04.2020, interest rates are as follows:- 6.8 % compounded annually but payable at maturity. INR 1000/- grows to INR 1389.49 after 5 years Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit (a) Who can open :- (i) a single adult (ii) Joint Account (up to 3 adults) (iii) a guardian on behalf of minor or on behalf of person of unsound mind (iv) a minor above 10 years in his own name. (b) Deposit:- (i) Minimum

свернуть