National Savings Certificate 2023/nsc scheme in post office,Bank/NSC interest calculator/tax benefit
Вставка
- Опубліковано 10 вер 2024
- National Savings Certificate (NSC) is a tax saving investment with the aim to encourage small or medium savings backed by Central Government.
The NSC scheme is available at all Post Offices,Banks and promoted by the Indian Government. Since the scheme is backed by the Indian Government, the risk is considered to be very low.
The scheme is applicable only to Indian citizens and not applicable for Non-Resident Indian (NRI) and a HUF. Due to the income tax benefits, low minimum investments requirement and low risk, the national pension scheme is gaining popularity.
Types: The scheme originally had two types of certificates - NSC VIII Issue and NSC IX Issue. The government discontinued the NSC IX Issue in December 2015. So, only the NSC VIII Issue is open for subscription currently.
National Savings Certificates (NSC)
5 Years National Savings Certificate (VIII Issue)
Interest rate:
From 01.07.2023, interest rates are as follows:-
7.7 % compounded annually but payable at maturity.
Deposit amount:
Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit
Who can open :-
(i) a single adult
(ii) Joint Account (up to 3 adults)
(iii) a guardian on behalf of minor or on behalf of person of unsound mind
(iv) a minor above 10 years in his own name.
(b) Deposit:-
(i) Minimum Rs. 1000 and in multiple of Rs. 100 , no maximum limit.
(ii) Any number of accounts can be opened under the scheme.
(iii) Deposits qualify for deduction under section 80C of Income Tax Act.
(c) Maturity:-
The deposit shall mature on completion of five years from the date of the deposit.
(d) Pledging of account:-
(i) NSC may be pledged or transferred as security, by submitting prescribed application form at concerned Post Office supported with acceptance letter from the pledgee.
(ii) Transfer/pledging can be made to the following authorities.
The President of India/Governor of the State.
RBI/Scheduled Bank/Co-operative Society/Co-operative Bank.
Corporation (public/private)/Govt. Company/Local Authority.
Housing finance company.
(e) Premature closure:-
NSC may not be prematurely closed before 5 years except the following conditions : -
(i) On the death of a single account, or any or all the account holders in a joint account
(ii) On forfeiture by a pledgee being a Gazetted officer.
(iii) On order by court.
(f) Transfer of account from one person to another person.:-
NSC may be transferred from one person to another person on the following conditions only.
(i) On the death of account holder to nominee/legal heirs.
(ii) On the death of account holder to joint holder(s).
(ii) On order by the court.
(iii) On pledging of account to the specified authority.
Tax saver: As a government-backed tax-saving scheme, you can claim up to Rs.1.5 lakh under the provisions of Section 80C of the Income Tax Act, 1961.
Queries solved in this video:
1)NSC scheme 2023
2)NSC post office scheme
3)national savings certificate details
4)NSC interest rate
5) NSC calculator
National Savings Certificate 2023
nsc scheme in post office,
nsc scheme in Bank
NSC interest calculator
nsc tax benefits
Key words:
nsc scheme,
nsc scheme in post office,
nsc scheme in post office 2023,
nsc scheme in post office in telugu,
all about nsc scheme,
post office scheme nsc calculator,
post office nsc scheme details,
nsc certificate,
post office new scheme 2023 nse,
nsc scheme post office,
postal nsc scheme,
nsc investment,
nsc saving scheme
post office nsc scheme,nsc scheme in post office,post office schemes,post office nsc scheme tax benefits,nsc scheme in telugu,national saving scheme,nsc scheme in post office 2023,all about nsc scheme,nsc scheme in bank,post office nsc scheme calculator,nsc investment plan,nsc scheme 2023,Nsc scheme interest rate,NSC maturity period,NSC scheme premature closure,NSC scheme loan,NSC scheme interest calculator,NSC scheme deposit limit,NSC scheme advantages
Note:
Posting any content from this channel is all are about my personal views.These videos are intended only for informational purpose or educational purpose.This channel do not promote any products discussed herein.Viewers are subjected to use this information on their own risk.Please contact experts before taking any decisions.
Disclaimer :
Some contents are used for educational purpose under fair use.copyright disclaimer under section 107 of the the copyright act 1976, allowance is made for "fair use" for purposes such as criticism,comment,news reporting, teaching, scholarship and research.fair use is use permitted by copy right statute that might otherwise be infringing.nonprofit,educational or personal use tips the balance in favour of fair use.all credits for copyright material used in videos goes to respected owner
Well explained. Expecting some more useful information. Thank YOU.
Well explained ❤❤
Very useful information. Clearly explained. Thank you.
Good well explained
5 lakhs 5 years invest cheste entha tax cut avuthundi brother
Hai Bro , After 5 Years entha Intrest vaste tax cut chestaru.TjanQ
No tax cutting
5th year interst entha recovery cheyunu
Papaperumida 50,000 rs 2yearski mahila saman sbi lo fd chesam dat 9-9-2023to9-9-2025 mr dat total amount entavastundi
50000+8011 = 58011
Can i transfer my mom nsc to my account
How much income tax for five years.
Tds is being collected.
Year ki okasari interest thesukovacha andi
Tesukokudadu antunnaru kadara malli tesukovacha antunnav mentalga
Any senior citizen extra int
Asallu e intrest yanti bro mosam chasa vedhanam edhe