National Savings Certificates (NSC)

Scheme specially designed for Government employees, Businessmen and other salaried classes who are IT assesses.

No maximum limit for investment.

No tax deduction at source.

Certificates can be kept as collateral security to get loan from banks.

Investment up to Rs. 1,00,000/- per annum qualifies for IT Rebate under section 80C of IT Act.

Trust and HUF cannot invest.