1. #1
    Unregistered

    Is it good to have National Saving Certificate?

    Planning to do some investment plus tax benefit and I heard that it will be good for National Saving Certificate. Is it really good? Have anyone tried it before? Can you please give more insight on this? Thanks.

  2. #2
    Rituja Array
    Join Date
    Nov 2012
    Posts
    702

    Re: Is it good to have National Saving Certificate?

    Yes,you are absolutely correct.Investing money by buying NSE certificate is a very good option indeed.It will also help you to get tax benefit for your income tax returns.It will also be a safe and secured option as it has no risks like that in mutual funds.So you can go for it without any hesitation.


    Thank you

  3. #3
    Barnali Array
    Join Date
    May 2013
    Posts
    206

    Re: Is it good to have National Saving Certificate?

    Hi,

    Investing in NSC is good...but the same was GOOD previously but the rate is reduced and the return is less than what was given previously...
    One benefit is that the accrued interest of the NSC is deductible u/s 80CCC.

    However remember one thing that the interest is fully taxable in the hands of the assessee.

    Best was of investment to provide the amount in PPF and if yiu are working you can have park more amount if PF through VPF.

  4. #4
    bonomali Array
    Join Date
    Feb 2013
    Posts
    984

    Re: Is it good to have National Saving Certificate?

    Hello,

    Ir is always good to have NSC or National Savings Certificate. It will help you
    to get the following benefits,

    1. No maximum limit for investment.
    2. No tax deduction at source.
    3. Certificates can be used to get loan from banks.
    4. Rate of interst is 8.5%.

    NSC is specially meantfor goverment employees, businessman or salaries employess
    who are assessee under income tax act.

    Bye,

  5. #5
    john215 Array
    Join Date
    Jan 2013
    Posts
    796

    Re: Is it good to have National Saving Certificate?

    Re: Is it good to have National Saving Certificate?

    Hi friend..,

    I think Yes,you are absolutely correct.
    Investing money by buying National Saving Certificate is a very good option indeed.
    It will also help you to get tax benefit for your income tax returns.
    It will also be a safe and secured option as it has no risks like that in mutual funds.
    So you can go for it without any hesitation.

    Thanks!!!

    ALL THE BEST..................

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