National Savings Certificate vs Bank Fixed Deposits: Tax benefits, interest calculation & TDS compared
The National Savings Certificate (NSC) and bank tax-saving Fixed Deposits (FDs) are popular investment options offering guaranteed returns and tax benefits under Section 80C. NSC provides an annual interest rate of 7.7% with yearly compounding, while leading banks offer FDs with rates between 6.5% and 8% annually.
The National Savings Certificate (NSC) and bank tax-saving Fixed Deposits (FDs) are popular investment options offering guaranteed returns and tax benefits under Section 80C. NSC provides an annual interest rate of 7.7% with yearly compounding, while leading banks offer FDs with rates between 6.5% and 8% annually. What's Your Reaction?
