National Savings Certificate (NSC)
NSC is an assured return scheme and provides for tax saving too! Returns are at 8% for a duration of only 6 years, which is relatively smaller compared to other small saving schemes. Here, investors are required to make a single deposit and the interest is returned along with the principal amount on maturity.
However, NSC is not at all liquid, as premature withdrawals can be done under specific circumstances only, such as death of the holder, forfeit by the pledgee or under court's order.
NSC investors enjoy tax saving benefits. Thus, NSC is an ideal investment for those investors who are looking at tax benefits on a longer-term basis and are not too bothered about liquidity.
How do I invest in National Savings Schemes?
NSC application forms are available at all post-offices.
What is the minimum investment and range of investment in NSC?
NSCs are issued in denominations of Rs.100, Rs.500, Rs.1,000, Rs.5,000 and Rs.10,000. There is no upper limit on investment in NSCs.
Kisan Vikas Patra (KVP)
Want to double your investments in less than nine years? KVP is for you! But there's a catch. The scheme, which offers to double your money in "eight years and seven months", offers NO Tax benefits!
One can exit the scheme any time after 2.5 years from the investment date, though investors will have to bear the loss of interest for the invested time period.
Though KVP is not meant for regular income, it is a safe avenue of investment for those without pressing tax concerns. Liquidity is also reasonably higher here.
How do I invest in Kisan Vikas Patra?
You can buy KVP by filling up the appropriate application form available at post offices across the country.
What is the minimum investment and range of investment in KVP?
The minimum investment in KVP is Rs.100. Certificates are available in denominations of Rs.100, Rs.500, Rs.1,000, Rs.5,000, Rs.10,000 and Rs.50,000. The denomination of Rs.50,000 is sold through head post offices only. There is no limit on holding of these certificates. Any number of certificates can be purchased. A KVP is sold at face value; the maturity value is printed on the Certificate.
NSC is an assured return scheme and provides for tax saving too! Returns are at 8% for a duration of only 6 years, which is relatively smaller compared to other small saving schemes. Here, investors are required to make a single deposit and the interest is returned along with the principal amount on maturity.
However, NSC is not at all liquid, as premature withdrawals can be done under specific circumstances only, such as death of the holder, forfeit by the pledgee or under court's order.
NSC investors enjoy tax saving benefits. Thus, NSC is an ideal investment for those investors who are looking at tax benefits on a longer-term basis and are not too bothered about liquidity.
How do I invest in National Savings Schemes?
NSC application forms are available at all post-offices.
What is the minimum investment and range of investment in NSC?
NSCs are issued in denominations of Rs.100, Rs.500, Rs.1,000, Rs.5,000 and Rs.10,000. There is no upper limit on investment in NSCs.
Kisan Vikas Patra (KVP)
Want to double your investments in less than nine years? KVP is for you! But there's a catch. The scheme, which offers to double your money in "eight years and seven months", offers NO Tax benefits!
One can exit the scheme any time after 2.5 years from the investment date, though investors will have to bear the loss of interest for the invested time period.
Though KVP is not meant for regular income, it is a safe avenue of investment for those without pressing tax concerns. Liquidity is also reasonably higher here.
How do I invest in Kisan Vikas Patra?
You can buy KVP by filling up the appropriate application form available at post offices across the country.
What is the minimum investment and range of investment in KVP?
The minimum investment in KVP is Rs.100. Certificates are available in denominations of Rs.100, Rs.500, Rs.1,000, Rs.5,000, Rs.10,000 and Rs.50,000. The denomination of Rs.50,000 is sold through head post offices only. There is no limit on holding of these certificates. Any number of certificates can be purchased. A KVP is sold at face value; the maturity value is printed on the Certificate.
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