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Recent Posts
- ATTENTION ALL LIC POLICY HOLDERS
- LIC India increases bonus
- PNB agrees to pick 30% in MetLife India
- Guaranteed Return Plans
- Income Tax Return Online – Save Time
- Why Fixed Deposits are not good for your child
- Gold ETF turnover nears Rs 500 cr on Akshaya Tritiya
- Health Insurance for Government Employees
- Life insurance premium may come down soon
- Issue of Postal Life Insurance Government of India Special Security
- Insurance Scheme for Teachers
- Fixed Deposit rates may Decline in Coming Weeks
- IRDA limits scope of selling Ulips Over phone by distance insurance marketers
- Tax-saving traps to avoid
- Samvardhan – Pension Scheme for LIC agents
- Samridhi Plus – LIC of India – Samridhi Plus Unit Link Plan
- JEEVAN SAMRIDDHI – Money Back Plan
- Life insurers want tax exemption limit increased
- LIC pays Rs. 1030 crore dividend to Govt for FY10
- Warnings and Penalties – Max Newyork Life Insurance Co
- LIC BIMA Account 1
- LIC of India, IRDA and Tax-free Infrastructure Bonds
- How much tax do infra bonds really save?
- Long term infrastructure bonds – IDFC Infrastructure Bond-Series ll
- Central Government Employees Group Insurance Scheme (CGEGIS): Ministry of Finance
financial advisor for small saving
Loans / Advance Against National Savings Certificates (NSC) / Kisan Vikas Patra (KVP)
Indian Postoffice Savings
NSC is a samll saving scheme specially designed for Government employees, Businessmen and other salaried classes who are IT assesses. Investment up to INR 1,00,000/- per annum qualifies for IT Rebate under section 80C of IT Act.
Eligibility for Loan against NSC
Applicant must have National Savings Certificate / Kisan Vikas Patra in own name
Purpose for loan
Any Business / Personal purpose other than for speculative ones.Charges and interst
Bank may charge processing fees against the loan grant. Differnet banks have differnet intrest charges against loan.
Loan Amount
Amount of loan depands on the bank rules, from where you are going to apply for loan. Normally it depands on the number of years the NSC certificate is.
Repayment Period
Loan to be liquidated within the tenure of the instruments or earlier.
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