NSC Vs TD Scheme details with example in Kannada. // National Savings certificate vs Time Deposit
NSC Account
The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. The scheme is a Government of India initiative. It is a savings bond that encourages subscribers – mainly small to mid-income investors – to invest while saving on income tax.
What is the interest rate for NSC in post office?
6.8% per annum
The NSC has a maturity period of 5 years. The NSC rate of interest is 6.8% per annum compounded half-yearly but payable at maturity
Is NSC a good investment?
When investing in the NSC, your capital is completely protected as the scheme is backed by the Government of India. The NSC is however not inflation protected. This means that whenever inflation is above the current guaranteed interest rate, the deposit earns no real returns.
What is the maturity period of NSC?
5 years
Maturity Period: NSC schemes come with a maturity of 5 years. The 10-year maturity period issue has been discontinued from December 2015. Power of Compounding: Interest earned on NSC during the investment tenure is reinvested into the scheme by default.
Is NSC interest rate fixed for 5 years?
NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs. 1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is currently at a rate of 6.8% per annum.
How many NSC can I buy?
There is no maximum limit to the number of NSCs that one can buy. The minimum amount required for an NSC investment, however, is Rs. 1000.
How many NSC can I buy?
There is no maximum limit to the number of NSCs that one can buy. The minimum amount required for an NSC investment, however, is Rs. 1000.
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