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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
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∙ 15y ago
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What is India's oldest airport?
Juhu, Oldest aerodrome in India. But for commercial usage, I think NSC Bose Airport in Kolkata is the oldest in India.
Can India defeat China if there is a war between them?
We can Defeat China In war but only when every Indian think patriotically & work for India & its development. if this happens India can become superpower in 1 year
Is equality a myth in India?
I think it is a myth in India. If slight thing happens between Hindu and Muslim then there will be blast in India. Even there is inequality of Gender in jobs and many more places. It is a very sad thing...
What happens in India when you steal?
Your hand will get chopped off so you wont be able to steal or use them. LOL(:
How many companies are ISO 9000 certified in India?
There are many companies that are ISO 9000 certified in India. The ISO 9000 was first published in 1987.
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.
What is India's oldest airport?
Juhu, Oldest aerodrome in India. But for commercial usage, I think NSC Bose Airport in Kolkata is the oldest in India.
What is the purpose of the (NSC)?
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.
Can you break NSC before the maturity period?
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.
What is the minimum maturity on Certificates of Deposit in India?
7 days
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
Who is the chair of the NSC?
The President
What happens if I can't payoff my car by the maturity date?
get repossed
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
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 when a yield to maturity is less than the yield to call?
The issuer will call the bonds and issue new bonds to the maturity date.
What happens to leaves in the summer?
They reach there full maturity and are in full bloom.
