how is national saving scheme(NSS) is differ from national saving certificate(NSC)?
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. 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. Interest shall be compounded annually in case of NSS but it is half yearly for NSC.