It is becoming difficult to survive in today's inflation. Even if savings happen, everybody has a desire to get a big return of small savings. We are going to show you a post office plan in which you can get good interest on small savings. It is the Post Office's National Savings Certification (NSC) scheme. Know the complete information about this ...
How much can you insure:
NSC post office plans. In it you can invest only 100 rupees. There is no limit on investment. You can buy any NSC according to your ability.
Where is this certificate?
NSC is declared under the post office scheme of the Government of India. You can purchase National Savings Certificates from your nearest post office. Buying a National Savings Certificate is a simple process. You can go to any post office and buy it.
Can be bought by check or cash:
NSC can be bought by giving a check or cash. In the case of payment by check, the account will open only when the check passes. There will also be some required documents for this. Your information will be provided by the form. In which your name and investment amount will be shown.
National Savings Certificate
The certificates have a maturity of 5 years. If you meet certain conditions, then the amount can be withdrawn from the account after one year of maturity. In the National Savings Certificate, the interest rate varies or is fixed every 3 months. So the investor should change the amount of investment with the reduced interest rates.
Who can take advantage of the plan
Benefits of this scheme can be found in people under the age of 18. This scheme will also benefit minorities. For this, he has to purchase his National Savings Certificate on his parents' names under the age of 18 years. It can also be cashed in by two adult joint schemes. NRI and Hindu Undivided Families will not get the benefit of this scheme.
Transfer to:
National Savings Certificates can be transferred from the post office to another post office. You can transfer the National Savings Certificates from one person to another.
Benefits of tax relief:
The best thing about this scheme is that there is a tax saving option. Under 80C you get tax free in this investment. Your TDS is not deducted for investing in NSC. Loans can also be taken from banks and financial institutions. You can also take a checkbook facility in this scheme.
