What is the maximum limit to invest in NSC (National
Savings Certificates)?
A₹1 LakhCorrect AnswerIncorrect Answer
B₹5 LakhCorrect AnswerIncorrect Answer
C₹10 LakhCorrect AnswerIncorrect Answer
D₹50 LakhCorrect AnswerIncorrect Answer
ENo upper limitCorrect AnswerIncorrect Answer
Solution
NSC comes with a fixed maturity period of five years. There is no upper limit for investments in the National Saving Certificates, but investments of up to Rs 1.5 lakhs in NSCs are liable for a tax reduction under section 80C of the Income Tax Act.
