Friday, 14 March 2014

Buy National Savings Certificate (NSC) online using ICICI direct

You can now buy the National Saving Certificates (NSC) online using ICICIdirect.com.

 You will need to avail the ICICI Direct Online Demat account facility first for which you need to have an ICICI Bank Savings account. Once you have ICICI Direct Online Demat account facility, you can purchase National Savings Certificates Online without any paperwork.

 Step 1: Click on ''Modify Allocation'' after logging into ICICI Direct account 
Step 2: Place order to NSC Online 

 You will receive a physical certificate at your home address via courier within a week of applying.
No need to visit the Post Office as the bank does the required work on your behalf.

Some basics information on NSC is as follows:

 Investment amount : The minimum investment amount is Rs. 100, while there is no upper limit for investing in NSC
    
Returns & Tenure : National Savings Certificate (NSC) is another assured return scheme of 8% which is compounded half yearly. An investor is required to make a lumpsum investment that matures after 6 years
    
Deductions : The interest income from NSC is paid on maturity; the same is taxable. Interest accrued on NSC is considered to be reinvested; hence, it is eligible for reinvestment under Section 80C.

 For more information refer: icicidirect.com
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12 comments:

  1. Phani Keerthi Y1 June 2018 at 15:15

    Thanks..for info. Iam looking for alternate solution and I found in this blog.

    ReplyDelete
  2. BODANAGAPPA1 October 2018 at 17:23

    I SEARCHED THERE WAS NO OPTION : MODIFY ALLOCATION:
    PLEASE GUIDE ME IF ANYBODY KNOWS

    ReplyDelete
  3. Unknown8 November 2019 at 21:17

    This is wrong. Only today I got a reply from icici direct.com that they don't issue mac.please remove this from your article.

    ReplyDelete
  4. Unknown8 November 2019 at 21:18

    Why are you posting wrong information.

    ReplyDelete
  5. Unknown1 February 2020 at 00:05

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