top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

How is national saving scheme(NSS) is differ from national saving certificate(NSC)?

+1 vote
162 views
How is national saving scheme(NSS) is differ from national saving certificate(NSC)?
posted Jun 15, 2017 by Kavana Gowda

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

NSS offers an interest rate of 9% whereas NSC offers 8.50% and 8.8% interest rate for NSC VIII Issue and NSC IX Issue respectively.
Income tax rebate for both the invested principal as well as the earned interest up to RS. 9000/- is offered by NSS whereas interest on NSC will be taxable.

Interest shall be compounded annually in case of NSS but it is half yearly for NSC.

Nobody can avail a loan from bank pledging NSS as security. But you can get a loan from bank keeping NSC as collateral security.

answer Jun 15, 2017 by Babita Thawani
...