usha
asked over 3 years ago
how is national saving scheme(NSS) is differ from national saving certificate(NSC)?
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2 Answers
acharya
answered over 3 years ago
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.
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