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Premature encashment of the certificate is not permissible except at a
discount in the case of death of the holder(s), forfeiture by a pledgee and
when ordered by a court of law.
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What is National Savings Certificate NSC?
NSC certificates are certificates of deposits issued by the government of India. Any Indian can deposit cash in NSC. This money would be used by the government for its cash needs. NSC gives us a return of 8% per annum compounded every half year and we can get our amount inclusive of the interest at the end of 6 years. 6 years is the lock in period on NSC certificates. Since these certificates are issued by our government they are extremely safe.Safety = Very high because backed by the governmentReturns on Investment = Average - Our Inflation is 11% and the returns on NSC is only 8%Investment Strong points:a. Extremely Safeb. A decent amount deposited every year can help us make up a good corpus over the long run.Downside:a. Only average returns.b. Long lock in period. We cannot take out our cash before 6 yearsc. The Interest earned on NSC is taxable
What is the interest rates of National Saving Certificates in India?
NSC certificates are certificates of deposits issued by the government of India. Any Indian can deposit cash in NSC. This money would be used by the government for its cash needs. NSC gives us a return of 8% per annum compounded every half year and we can get our amount inclusive of the interest at the end of 6 years. 6 years is the lock in period on NSC certificates. Since these certificates are issued by our government they are extremely safe.Safety = Very high because backed by the governmentReturns on Investment = Average - Our Inflation is 11% and the returns on NSC is only 8%Investment Strong points:a. Extremely Safeb. A decent amount deposited every year can help us make up a good corpus over the long run.Downside:a. Only average returns.b. Long lock in period. We cannot take out our cash before 6 yearsc. The Interest earned on NSC is taxable
What are the use of national saving certificate?
NSC certificates are certificates of deposits issued by the government of India. Any Indian can deposit cash in NSC. This money would be used by the government for its cash needs. NSC gives us a return of 8% per annum compounded every half year and we can get our amount inclusive of the interest at the end of 6 years. 6 years is the lock in period on NSC certificates. Since these certificates are issued by our government they are extremely safe.Safety = Very high because backed by the governmentReturns on Investment = Average - Our Inflation is 11% and the returns on NSC is only 8%Investment Strong points:a. Extremely Safeb. A decent amount deposited every year can help us make up a good corpus over the long run.Downside:a. Only average returns.b. Long lock in period. We cannot take out our cash before 6 yearsc. The Interest earned on NSC is taxable
What is National Savings certificate?
NSC certificates are certificates of deposits issued by the government of India. Any Indian can deposit cash in NSC. This money would be used by the government for its cash needs. NSC gives us a return of 8% per annum compounded every half year and we can get our amount inclusive of the interest at the end of 6 years. 6 years is the lock in period on NSC certificates. Since these certificates are issued by our government they are extremely safe.Safety = Very high because backed by the governmentReturns on Investment = Average - Our Inflation is 11% and the returns on NSC is only 8%Investment Strong points:a. Extremely Safeb. A decent amount deposited every year can help us make up a good corpus over the long run.Downside:a. Only average returns.b. Long lock in period. We cannot take out our cash before 6 yearsc. The Interest earned on NSC is taxable
Who is the chair of the NSC?
The President
Who is the chairperson for the NSC?
The chairperson of the National Security Council (NSC) in the United States is typically the President of the United States.
What happens on maturity of NSC in India?
After maturity you have to take the certificate to POST office and redeem the money. current the rate is RS 160 for Rs 100 ,the investment is locked for 6 years on purchase of the certificate , in case the orignal certifacate is lost file an FIR with local Police station and submit it to the postmaster for assistance, cheers Ally
What is the market cap for Norfolk Souther Corporation NSC?
As of July 2014, the market cap for Norfolk Souther Corporation (NSC) is $33,373,655,149.08.
What is ticker symbol for Norfolk Southern?
NSC
NSC stand for what?
National Security Council.
What does NSC stand for?
National Security Council.
What kind of organisation is the NSC?
The NSC or National Security Council is a government organization. It is a forum used by the president for national security and foreign policy matters.
