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what is the use of nsc bond?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rakkesh asked about 4 years ago

what is the use of nsc bond?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 4 years ago

The scheme of National Saving Certificate is a Govt scheme of Investment and normally used by middle class peoples to save tax and Invest money in safe side and get good returns as it is supported by Govt. When you invest in NSC you will receive NSC Bond. These bonds are proof that you have Invested your money and can be used at the time of getting the amount at the time of Maturity.

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Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered about 4 years ago

Hiii friend.... **`**`NSC Bond`**`** The scheme of National Saving Certificate is a Govt scheme of Investment and normally used by middle class peoples to save tax and Invest money in safe side and get good returns as it is supported by Govt. When you invest in NSC you will receive NSC Bond. These bonds are proof that you have Invested your money and can be used at the time of getting the amount at the time of Maturity. Under this NSC scheme you can avail tax benefit under section 80C. It stands documentary evidence while claiming deduction u/s 80C. Its like saving your money and saving your tax..... Dual benefits. Regards,

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 4 years ago

**NSC CERTIFICATES OR BONDS** National Saving Certificate is a safe instrument to invest in which gives you guaranteed returns and saves your tax NSC is backed by the Government. USES of NSC are It is used mainly for saving tax and also for investment Investment upto rupees 1 lakh can be claimed as deduction under section 80C Nsc's provide assured and guaranteed returns and provide a good interest rate so investment in it gives good returns. Thanks :)

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