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NSC

I am sure what most you know what NSC means. For those who do not know, it means National Savings Certificate. It is one of the investment options available at post offices, where you invest a sum of amount for fixed time of 6 years & after 6 years, the amount you invest would double. This I think is the best way of investing. You can invest upto 10,000 rupees.


Another added advantage on this is, you get 100% tax exemption on investment. You can also make the investment in name of your children or wife or for anyone you want to. You can visit nearest post office to know more about it.


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1 Response

  1. Service_to_all says:

    Hello,

    Please be carefull. The doubling is not guaranteed. You cannot depend on the commitments of the Govt. The govt. often reduces the rate of interest. For your Information, I had invested 15,000 6 years back. The commitment on the maturity value given at the time of investment was Rs30,000 (Printed on the NSC) today Iam told that I will be getting only 26,000.

    So even the govt. can go back on their commitments.

    Regards,
    SERVICE TO ALL

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