Tag: Deemed encashment of NSC

Govt increases maturity period of KVP, reduces maturity value of NSC VIII issue & National  Savings Recurring Deposit Scheme, interest rates of National Savings (Monthly Income Account) Scheme also reduced The Govt has increased the maturity periods of various popular savings schemes of common man namely; (i) Kisan …

Deemed encashment of NSC on becoming non-resident if a resident Indian having purchased NSC becomes Non-Resident during the currency of the maturity period MINISTRY OF FINANCE  Department of Economic Affairs NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R. 1238 (E).—In exercise of the powers conferred by section 12 …