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Can I Buy NSC by paying Cash?

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2010 Hello Sir,

Since there are only 2 days left for the FY to end, I want to know can I buy NSC certificates , by paying Cash. Will this qualify for deduction under 80C.

Also I haven't bought NSC before, so which is the best place to get NSC in Mumbai?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 March 2010 YES YOU CAN BUY NSC IN CASH. BEST PLACE ANY POST OFFICE.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
29 March 2010 Yes you can get the same from any of nearest post office by paying cash.
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Rasesh

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Rasesh (Expert)
29 March 2010 Yes. U can buy NSC with cash
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CA Shiv

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CA Shiv (Expert)
29 March 2010 yes.. even u can have investment in SBi in tax saving scheme which are available for deduciton with cash.. from any branch you can have it... Up to any amount... Better is to take a single deposit below 50k...
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 March 2010 yes, NSC will be purchase with cash.
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