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National Savings Certificates, popularly known as NSC, is an Indian Government Savings Bond, primarily used for small savings andincome tax saving investments in India. It is part of the postal savings system of Indian Postal Service(India Post).

These can be purchased from any Post Office in India by an adult (either in his/her own name or on behalf of a minor), a minor, a trust, and two adults jointly. These are issued for five and ten year maturity and can be pledged to banks as collateral for availing loans. The holder gets the tax benefit under Section 80C of Income Tax Act, 1961.

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Q: What is the purpose of the (NSC)?
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Related questions

Who is the chair of the NSC?

The President


How and where can matured NSC claimed?

Matured NSC can be claimed at the post office or designated banks where the NSC was originally purchased from. To claim the maturity amount, you will need to provide the physical NSC certificate along with a valid ID proof. It is advisable to check the maturity date in advance and plan your visit accordingly.


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 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.


How you can verifiy by net that the nsc issued you from postoffice are not original?

How i can verify by Internet that the NSC issued me from Delhi post office are original? is there is any system that can verified the certificate with me.


Why was NSC-68 a secret?

National Security Council


The defense policy statement known as NSC-68?

Truman


What was the significance of NSC-68 during the Korean war?

it was big