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Government Of Assam Finance Directorate of Small Savings

National Savings Certificates (NSC) (VIII Issue)

  • This hugely popular scheme has been specially designed with income tax benefits for both salaried professionals and businessmen.

    Key Features:

    • 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 lakh per annum qualifies for income tax rebate under Section 80C of the Income Tax Act, 1961.
    • A single holder type certificate can be purchased by, an adult for himself or on behalf of a minor or by a minor.

    Source: India Post