From where & how i can get n.s.c.

RAJ KUMAR BHANDARI (FINANCE) (165 Points)

05 December 2012

DEAR ALL,

GOOD NOON

I FIND SOME DIFFICULTIES ! PLEASE HELP

PLEASE GIVE ME DETAIL ABOUT NATIONAL SAVING CERTIFICATES, WHAT IS THE PROCESS AND HOW CAN I REDEEMED IT.

THANKS & REGARDS

RAJ KUMAR

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3 Replies

NiTiN JAiN (TAX CONSULTANT & CA FINAL STUDENT) (155 Points)
Replied 05 December 2012

U can take the NSC from Post office, they are redeemable after the end of 6 years.

RAJ KUMAR BHANDARI (FINANCE) (165 Points)
Replied 05 December 2012

THANKS NITIN,

BUT I WANT KNOW ABOUT THE PROCESS,

DIFF BETWEEN NSC VIII & NSC IX

Rajesh kumar (ca Final) (49 Points)
Replied 06 December 2012

Distinction Between NSC VIII and NSC IX

Particulars	NSC VIII	NSC IX
who can invest	All persons ( NRI's not eligible to purchase NSC)	All persons ( NRI's not eligible to purchase NSC)
Life/Lock in period	5 years	10 years
interest	8.6% P.A	8.9% P.A.
Tax Benefits	Investment eligible for Deduction U/s 80C. NO TDS on Interest and withdrawl.	Investment eligible for Deduction U/s 80C. NO TDS on Interest and withdrawl.