Investment
NSC
Also known as: National Savings Certificate, Tax Saving Certificate
National Savings Certificate - 5-year government savings scheme with tax benefits under Section 80C.
Detailed Explanation
National Savings Certificate (NSC) is a 5-year government savings scheme offering 6.8% annual interest with compounding. Investment qualifies for Section 80C deduction, and annual interest is deemed reinvested for additional 80C benefits. NSC certificates can be used as collateral for loans and are ideal for tax-saving with guaranteed returns.