Now that you have some knowledge of NSC, is this scheme for you? If you are looking for capital protection and tax deductions under Section 80C, you can consider investing in NSC. NSC, i. National Savings Certificate, is a fixed-income investment scheme backed by the government of India. The savings bond is suitable for small and medium-income investors to save tax while earning returns. This is a secure and low-risk product.
As of today, you cannot subscribe to NSC online. You will be required to visit the nearest Post Office to fill out the NSC application form and submit it to the executive in order to open an NSC account.
Step 2: Attach self-attested copies of the documents and proofs as required by the Post Office. Carry the original documents as well for verification. Step 3: Make the payment of your investment in the form of cash, cheque, or demand draft. Step 4: Upon processing your application, an acknowledgement of the same will be provided marking the initiation of your NSC account. It is important that you stick to one of the methods mentioned above throughout the NSC tenure. Experts prefer that you choose Method 1 as the interest and income will be distributed throughout the tenure and does not accumulate to the last year.
To make this difference evident, here is a comparison table. You must know that the interest on NSC is compounded on a yearly basis. That is the interest you calculate on the principal amount invested in NSC should be added to the principal amount to get the principal amount for the second year. You can calculate interest using our simple and compound interest calculator. Upon maturity, the NSC can be encashed at any Post Office branch and not necessarily at the branch where the account is held.
When you want to encash the maturity amount, you have to carry the following documents with you:. Both these government-backed schemes are famous for years now. Though both these options come with minimal risk, they both have their own benefits and drawbacks. You can choose between the two based on your investment objectives. NSC will take about When you submit the application form to open the NSC account along with the KYC documents, you will have to make the payment towards the same.
Select Your Gender Male Female. Date of Birth. I authorize MyLoanCare and its partners to contact me. This overrides my number being in the NDNC registry. Resend OTP. You have exceeded your daily OTP limit. Please retry after 24 hours. Please Re-confirm Your Number. Please Re-confirm Your. What are you looking for? Get Details. Looking for a Loan? Apply Now. Looking for an investment? Best Savings Scheme. Know More. Earn High Returns on FD. Compare Rates. How to invest in National Savings Certificates?
After filling the form, make a physical visit to the bank or post office. Carry the original documents for the document verification process.
After the verification, proceed further by making a payment for the amount you wish to invest in the NSC. On successful completion of the payment, get a receipt of the NSC for the invested amount from the concerned bank or post office.
Address proofs such as Aadhar card, Voter ID card, Passport, Utility bills such as water, electricity, gas etc Cheque or cash if payment is to made through offline modes.
Some of the key benefits and features of the National Savings Certificate are listed as follows: Investments made in NSC involve low risk and are highly secured, due to the fact that the government of India backs the funds. However, investments made in NSC must be in multiples of NSC allows the investment of funds for a tenure of 5 or 10 years.
Dear Mr. Dear vijaykumar, Yes. Do you have adequate health cover? Are you investing for your Retirement goal? We have aadhar no. Can I get duplicate KVP certificates. The post office staff are not eager to cooperate with us. Dear Amit, They should co-operate with you, you may kindly escalate this to their higher ups.
Kindly refer to this link for the procedure to get duplicate certificates.. Therefore, purpose of this article did not fulfill my need completely. Unfortunately, this notification remained just on paper only.. Hi sir I have opened an kvp account with the help of a post office person he returned me a passbook but there is no maturity date written but amount and opening date is written and book is stamped and signed by the official but there is no printing in the book only written things is there I am worry that is it okk or not please help me.
Dear sughosh.. I remember I used by certificates but it seems process is changed. Which is good, however I have a question for income tax returns how can I show these details under 80C? Can someone pl assist in this.
I was taken aback when the postmaster handed me a passbook this time instead of the certificates. This article was helpful. Thank you! Dear Dharam.. People want to make money, but above all, they do not want to lose any of it. Safety and gains can go hand in hand very much. There are many places where investors can make money and here we explore one of the better ones.
The scheme can be purchased from any post office branch. NSC also offers tax benefits to investors. Know how to buy this this scheme!
0コメント