National Savings Certificates (NSC) - Planning For It!:
National Savings Certificates (NSC)
InvestmentYogi: All you need to know about National Savings Certificates (NSC)
The reliable National Savings Certificate (NSC) looks like it may have lost popularity with countless competing investment options available such as equities, mutual funds, unit linked insurance and fixed maturity plans. However, there is no ignoring the instrument's respectable returns, which are not only assured, but also tax-exempt (under 80C) and government guaranteed.
Compared with the NSC, the Public Provident Fund (PPF) has traditionally been more popular on account of its 8% tax-free interest. However, the PPF has a maximum investment limit of Rs 70,000 per annum (this means the maximum amount one can invest in PPF every year is capped at Rs 70,000).
Source: http://investmentyogi.com/planning/national-savings-certificates-nsc.aspx
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National Savings Certificates (NSC)
InvestmentYogi: All you need to know about National Savings Certificates (NSC)
The reliable National Savings Certificate (NSC) looks like it may have lost popularity with countless competing investment options available such as equities, mutual funds, unit linked insurance and fixed maturity plans. However, there is no ignoring the instrument's respectable returns, which are not only assured, but also tax-exempt (under 80C) and government guaranteed.
Compared with the NSC, the Public Provident Fund (PPF) has traditionally been more popular on account of its 8% tax-free interest. However, the PPF has a maximum investment limit of Rs 70,000 per annum (this means the maximum amount one can invest in PPF every year is capped at Rs 70,000).
Source: http://investmentyogi.com/planning/national-savings-certificates-nsc.aspx
'via Blog this'
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