Whenever discussing investment, everybody has a common desire and that is to invest in a fitting top saving schemes in India that fits their financial strategies. However, given the individuality factor - every individual has different needs and thus, different financial goals - finding one particular scheme that is conducive in all cases is extremely difficult. However, with the rise of National Savings Certificate, the financial sector finally has an answer to the afore-shared conundrum.
The scheme is backed up by the Indian Government and hence, it is safe. Plus, the interest rate is pretty decent. In addition, an NSC can be obtained from any post office and which makes it highly accessible. Summing up, National Savings Certificate is the best investment scheme in India for all kinds of investors.
What is the National Savings Certificate?
National Savings Certificate is a fixed income investment scheme which aims at developing and promoting the habit of saving among the masses. The best part about NSC is, the returns garnered at the time of maturity is tax-exempted.
Additional read: Why National Saving Certificate is Popular Saving Scheme in India?
NSC: How Does it Work?
As shared above, NSC can be purchased from the Indian post-office - the potential investor has to visit the nearest post-office and notify an official about their intentions of investing in NSC.
Few Points to Remember:
Bottom line: If you are planning to invest in NSC, visit your nearest post-office with the required documents.
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.