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.
PPF – A good way of saving for your old age.
Buy National Savings Certificates (NSC) & Kisan Vikas Patras (KVP) every month for six years – Reinvest on maturity and relax - On retirement it will fetch you monthly pension as the NSC/KVP matures.
