Monday , 26 March 2018
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NSC, KVP to be issued in electronic form (e-mode)



National Savings Certificate and Kisan Vikas Patra will now be issued in electronic mode (e-mode). Government has decided to discontinue the system of physical pre-printed paper certificates w.e.f 1-April-2016. 

However, till the Core Banking System transits to that e-mode, banks and post offices may choose to issue a physical certificate recorded on a passbook, it added.

NSC and KVP are popular small saving schemes, specifically designed for government employees, businessmen and other salaried classes who are Income Tax assesses. Investment up to Rs 1.50 lakh per annum qualifies for tax rebate under section 80C of Income Tax Act.

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

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The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

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