Whether you are a risk averse investor looking to diversify your investments or you want to save taxes by investing in Government backed schemes, if safe investments is what you are looking for National Savings Certificate is for you. National Savings Certificate (NSC) Investment Financial Advisory says that this government initiative can be opened in any post office and this savings bond encourages investors to do not only invest but also save on Income Tax.
There are two fixed maturity periods- 5 years and 10 years. A fixed rate of interest is earned. Inflation beating returns cannot be guaranteed but safe returns can be guaranteed. Non Resident Indians, Joint Families and trusts cannot invest in this scheme.
What is National Savings Certificate?
National Savings Certificate is a fixed income investment scheme for investors to open in post offices. You can make small and medium investments and use it for tax saving purposes. NSC is a fixed income instrument like Public Provident Fund and Post Office Fixed Deposits. India’s Finest National Savings Certificate (NSC) Investment Financial Advisory Portal, Moneymindz informs you that National Savings Certificate is a secure and low-risk product that can be purchased from the nearby Post Office in your name or even a minors name provided you are his/her natural or legal guardian. You can also buy it as a joint account with another adult.
By investing up to Rs 1.5 Lakh, you can earn a tax rebate under Section 80C. The interest earned on the certificates would be added back to the initial investment and you can get a tax break.
Features of National Savings Certificate
- Tax saver
You can invest up to Rs 1.5 Lakhs so as to claim 80 C deductions benefit.
- Invest in small amounts
By investing Rs 100 as an initial investment, you can raise the amount of investing whenever you can.
- Maturity period
There is a five year maturity period and a ten year maturity period. Select the appropriate one for you.
Merits of National Savings Certificate
- Every drop of water counts
Like every drop of water adds up to a river, every penny adds up to a pound. So you can commence with tiny amounts.
- Assured returns
Investing in National Savings Certificate provides assured returns. Returns are guaranteed.
- Minimum limit of investing
The minimum limit of investing is Rs 100. You can increase the amount later on.
For more information visit www.moneymindz.com or give a missed call to 022-62116588