{"id":127973,"date":"2023-01-07T12:15:01","date_gmt":"2023-01-07T06:45:01","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=127973"},"modified":"2023-01-07T12:15:02","modified_gmt":"2023-01-07T06:45:02","slug":"national-saving-certificate-interest-rate-hiked-for-jan-mar-2023-quarter","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/national-saving-certificate-interest-rate-hiked-for-jan-mar-2023-quarter\/","title":{"rendered":"National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter"},"content":{"rendered":"\n<p><strong>National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter:<\/strong>  The National Savings Certificate interest rate has been raised by the government from 6.8% to 7% for the quarter of January-March 2023.The National Savings Certificate is a trusted saving product offered by the Indian Post Office that is well-liked by investors as a low-risk investment alternative. A trust, a minor, or an adult can open an NSC. For the quarter ending March 31st, 2023, the yearly compounded NSC Interest Rate is 7%.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-january-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">January 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter- Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The National Savings Certificate scheme has no maximum purchase amount, but a person can only receive benefits on investments up to 1.5 lacs.<\/li>\n\n\n\n<li>The Income Tax Act\u2019s Section 80C deduction applies to the tax benefits associated with an investment in NSC.<\/li>\n\n\n\n<li>The government\u2019s regularized interest rate on the National Savings Scheme l, enables an individual to generate a guaranteed return on the NSC at a rate of 7%.<\/li>\n\n\n\n<li>The NSCs annual fixed interest every quarter, ensuring a consistent income for the investor.<\/li>\n\n\n\n<li>NSC is accepted as security or collateral by banks and NBFCs for secured loans.<\/li>\n\n\n\n<li>The responsible post office should transfer the certificate to the bank and stamp it with a transfer stamp.<\/li>\n<\/ul>\n\n\n\n<p><strong>National Savings Certificate: Transfer of Account from One Individual to Another<\/strong><\/p>\n\n\n\n<p>NSC can be transferred from one person to another person with the following conditions only.<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\">\n<li>On the death of the account holder to nominee\/legal heirs.<\/li>\n\n\n\n<li>On the death of the account to the joint holder (s).<\/li>\n\n\n\n<li>On order by the court.<\/li>\n\n\n\n<li>On pledging of account to the specified authority<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>National Saving Certificate Interest Rate Hiked for Jan-Mar 2023 Quarter: The National Savings Certificate interest rate has been raised by the government from 6.8% to 7% for the quarter of January-March 2023.The National Savings Certificate is a trusted saving product offered by the Indian Post Office that is well-liked by investors as a low-risk investment [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":127974,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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