Personal loan against nsc
This query is : Resolved
19 April 2015
Hi,
I purchased Rs1,00,000 worth of NSC VIII Certificates in FY2014-15 and I will deduct the same amount under Section 80C for my IT Returns. I wanted to know, if I can use these same certificates, for which I have claimed tax deduction, as collateral to get Personal Loan?
I would appreciate any expert in this field, who can answer my query.
Thanks
I purchased Rs1,00,000 worth of NSC VIII Certificates in FY2014-15 and I will deduct the same amount under Section 80C for my IT Returns. I wanted to know, if I can use these same certificates, for which I have claimed tax deduction, as collateral to get Personal Loan?
I would appreciate any expert in this field, who can answer my query.
Thanks
Arpit Shah
(Expert)
20 April 2015
https://savingwala.com/post-office-savings/loans-advance-against-national-savings-certificates-nsc-kisan-vikas-patra-kvp.html
Arpit Shah
(Expert)
20 April 2015
https://www.abhyudayabank.co.in/english/SODsecurities.aspx
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