Discuss the postal saving schemes: 1.National savings certificate...2.Public provident fund....

Discuss the postal saving schemes: 1.National savings certificate...2.

1.	Discuss the postal saving schemes: 1.National savings certificate...2.Public provident fund....
Answer» The\xa0NSC\xa0is a\xa0one-time investment. The\xa0investment\xa0can start from as low as Rs 100 and there is no maximum limit. However,\xa0once\xa0you touch the limit under Section 80C (Rs 1 lakh), the\xa0investments\xa0in\xa0NSC\xa0do not qualify for a tax deduction.\xa0TDS is deducted before being re-invested again in case of bank\xa0FD.\xa0NSC, in comparison with SBI and IDFC Bank FDs, is offering higher maturity value. ...\xa0NSC\xa0certificates can be used as collateral to obtain loan. However, a bank tax-saving\xa0FD\xa0cannot be used for the same as per Bank Term\xa0Deposit\xa0Scheme Rules.