From where & how i can get n.s.c.

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FINANCE

165 Points Joined October 2012

DEAR ALL,

GOOD NOON

I FIND SOME DIFFICULTIES ! PLEASE HELP

PLEASE GIVE ME DETAIL ABOUT NATIONAL SAVING CERTIFICATES, WHAT IS THE PROCESS AND HOW CAN I REDEEMED IT.

THANKS & REGARDS

RAJ KUMAR

Replies (3)

TAX CONSULTANT & CA FINAL STUDENT

155 Points Joined September 2008

U can take the NSC from Post office, they are redeemable after the end of 6 years.

FINANCE

165 Points Joined October 2012

THANKS NITIN,

BUT I WANT KNOW ABOUT THE PROCESS,

DIFF BETWEEN NSC VIII & NSC IX

ca Final

49 Points Joined July 2011

Distinction Between NSC VIII and NSC IX

Particulars	NSC VIII	NSC IX
who can invest	All persons ( NRI's not eligible to purchase NSC)	All persons ( NRI's not eligible to purchase NSC)
Life/Lock in period	5 years	10 years
interest	8.6% P.A	8.9% P.A.
Tax Benefits	Investment eligible for Deduction U/s 80C. NO TDS on Interest and withdrawl.	Investment eligible for Deduction U/s 80C. NO TDS on Interest and withdrawl.