: how is national saving scheme(NSS) is differ from national saving certificate(NSC)?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anju asked about 3 years ago

what is the difference between NSS and NSC?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered about 3 years ago

1. NSS has a duration of four years whereas NSC has a duration of five and ten years for NSC VIII Issue and NSC IX Issue respectively. 2. NSS offers an interest rate of 9% whereas NSC offers 8.50% and 8.8% interest rate for NSC VIII Issue and NSC IX Issue respectively. 3.Income tax rebate for both the invested principal as well as the earned interest up to RS. 9000/- is offered by NSS whereas interest on NSC will be taxable.

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