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

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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)

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

THANKS NITIN,

BUT I WANT KNOW ABOUT THE PROCESS,

DIFF BETWEEN NSC VIII & NSC IX

 

 

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.

 


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