National Savings Certificates (NSC) Tax Rebate 5 Years Minimum Rs. 100, 8.1% - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, September 24, 2016

National Savings Certificates (NSC) Tax Rebate 5 Years Minimum Rs. 100, 8.1%

 National Savings Certificates (NSC)

From 1.4.2016, interest rates are as follows:-
o    8.1% compounded six monthly but payable at 
maturity. Rs. 100/- grows to Rs 147.61 after 5 years.

Minimum R. 100 No maximum limit available in 
denominations of Rs 100, 500, 1000, 5000 & Rs. 10,000.

Salient features 

including Tax Rebate
o    A single holder type certificate can be purchased by, 
an adult for himself or on behalf of a minor or by a minor.


o    Deposits qualify for tax rebate under Sec. 80C of IT Act.
o    The interest accruing annually but deemed to 
be reinvested under Section 80C of IT Act.

*In case of NSC VIII , transfer of certificates from 
one person to another can be done only once from 
date of issue to date of maturity.
*At the time of transfer of Certificates from one
 person to another, old certificates will not be
 discharged. Name of old holder shall be rounded 
and name of new holder shall be written on the
 old certificate and on the purchase application
(in case of non CBS Post offices) under dated 
signatures of the authorized Postmaster along
 with his designation stamp and date stamp of Post office.


National Savings Certificates (NSC) Tax Rebate 5 Years Minimum Rs. 100, 8.1% Reviewed by S. Chitra on September 24, 2016 Rating: 5   National Savings Certificates (NSC) 5 Years National Savings Certificate (VIII Issue) From 1.4.2016, interest rates are as follow...

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