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How is national saving scheme(NSS) is differ from national saving certificate(NSC)?

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posted Jun 15 by Kavana Gowda

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1 Answer

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NSS offers an interest rate of 9% whereas NSC offers 8.50% and 8.8% interest rate for NSC VIII Issue and NSC IX Issue respectively.
Income tax rebate for both the invested principal as well as the earned interest up to RS. 9000/- is offered by NSS whereas interest on NSC will be taxable.

Interest shall be compounded annually in case of NSS but it is half yearly for NSC.

Nobody can avail a loan from bank pledging NSS as security. But you can get a loan from bank keeping NSC as collateral security.

answer Jun 15 by Babita Thawani
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