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What is national savings certificate?

Investment Analysis and Portfolio Management

What is national savings certificate?

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National Savings Certificate :   Issued at the post offices, National Savings Certificate has the following features:

  • It comes in denominations of  100,  500,  1,000,  5,000 and  10,000.
  • It has a term of 6 years. Over this period Rs. 100 becomes Rs. 160.1. Hence the compound rate of return works out to 8.16 percent.
  • The investment in NSC can be deducted before computing the taxable income under Section 80 C.
  • It can be pledged as collateral for raising loans.

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