NSC Interest Rate Hiked
MAS Team | 09 January 2023
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The government has increased the National Savings Certificate interest rate for the January-Walk 2023 quarter to 7% from prior 6.8%
The National Savings Certificate, or NSC, is provided by the Indian Post Office and is well-liked by investors as a low-risk investment alternative. A NSC can be opened by a grown-up, a minor, or a trust. The yearly accumulated NSC financing cost for the quarter finishing Walk 31, 2023 is 7%
NSE Tax benefits
The National Savings Certificate has no maximum purchase amount, but an individual can only receive advantages on investments up to 1.5 lacs.. The Income Tax Act's Section 80C deduction applies to the tax benefits associated with investing in NSC.
NSC fixed income
The public authority’s regularized interest rate on National Savings Certificate Plan, for example, allows a person to generate a guaranteed return of 7% from the NSC. The NSC's yearly fixed revenue on a quarterly premise, ensures a steady pay for the investor
Maturity period: The fixed maturity time for NSC is five years.
Dear Investor,
In case of any grievance / complaint :
In case of any grievance / complaint :
- Please contact Compliance Officer Pankaj Raheja at [email protected] and Phone No. - 91-22-35131664.
- You may also approach CEO Debashis Basu at email- id [email protected] and Phone No. - 91-22-35131664.
