National Saving Certificate- The Most Popular Saving Plan in India
When it comes to selecting the best saving plan in India, it would be really tough to single out one scheme as great. Even if one scheme is good, it may not match the requirements and profits as expected from an investors’ perspective.
The Indian investment market is flooded with many new and traditional investment vehicles.
Someone may like the fixed deposit scheme, PPF or stock and shares. On the other hand, someone else may go for National Saving Certificate (NSC), Kisan Vikas Patra and more.
People opt for any best saving scheme to get guaranteed future income in the form of interest based ROIs for retirement and many more goals/purposes. Not all best saving plans give you the guarantee of offering a sure-shot ROI on maturity. It is because their ROIs are regulated by market conditions.
Additional Read: How to Calculate Seventh pay Commission
In the same context, investing in a risk-free and Government approved and promoted plan in the form of the National Saving Certificate (NSC) can help you.
It can offer a higher interest based profit on maturity and carries no risks at all.
If you want to know Why National Saving Certificate is Popular Saving Scheme in India? Read this article:
November 26th, 2018