Anju
asked over 3 years ago
what are the different types of national savings certificate?
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narahari
answered over 3 years ago
-Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses. -No maximum limit for investment. -No Tax deduction at source. -Certificates can be kept as collateral security to get loan from banks. -Trust and HUF cannot invest. -Rate of interest 8.50%.
