Investment in NSC makes sense for conservative investors at this moment, says a Mumbai-based mutual fund distributor. However, investments in NSC and tax-saving FDs come with a five-year lock-in, which is comparatively higher than the three year lock-in on ELSS.
Aadhaar is now mandatory for all post office deposits, the public provident fund (PPF), the national savings certificate (NSC) scheme and the Kisan Vikas Patra (KVP). The Finance Ministry has issued four separate notifications, declaring Aadhaar is mandatory for the schemes. Existing depositors have been given time till December 31, to provide the 12-digit unique identification number. In an interview to CNBC-TV18, Sanjay Hegde, Senior Lawyer at Supreme Court discussed the ramifications of this move.
In an interview to CNBC-TV18, personal finance expert, Hemant Rustagi of Wiseinvest Advisors shared his reading and outlook on different instruments that are available for tax saving in the debt space.