Post Office Schemes

Mahila Samman Savings Certificate

Mahila Samman Savings Certificate: A Scheme for Financial Empowerment of Women

Financial Planning, Tax Saving / By / April 11, 2023

Recently, the government of India in its union budget in February 2023 has introduced various process to encourage people to save money and invest to improve the country’s economy. However, there was one such scheme that was exclusively for women. The Mahila Samman Savings Certificate (MSSC) is a fixed income scheme offered by the Indian …

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National Savings Certificate

National Savings Certificate (NSC): All Features & Tax Benefits

Investing, Section 80C, Tax Saving / By / February 2, 2023

NSCs, or National Savings Certificates, can be used as security for bank loans. According to Section 80C of the Income Tax Act of 1961, the owner receives tax advantages. Meaning The National Savings Certificate (NSC), available at the nearby post office under your name, for a minor, or on a joint account with another adult, …

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