NSC certificates - A new Wave to Save
People have pondered over years to channelize their hard earned money into something meaningful that would not only save their money for them only but would also be meaningful and profitable to them in the long run. Almost everybody has their own formula with this as they choose between an array of options available to them.
One such choice that continues to stand out today in the wide list of options is the different types of NSC certificates offering a feasible option for investments, particularly for a long term. This scheme is has been premeditated especially for the income tax assesses including business man, Government employees and service class people.
Basically, several types of NSC certificates are feasible options for a fixed income or a debt deposit for a long term. This feasible option is directly provided by Government of India through its historic and huge postal department.
Time has proved repeatedly that these investments offer a safe and beneficial option. The safety of investments becomes the prime factor in these types of NSC certificates. Basically bringing long term investments to the masses, NSC certificates have benefited hundreds of middle class families by not only providing tax savings but also by giving them returns.
There are several variants in these certificates. The several types of NSC certificates are:
• Single Holder Type Certificate: Usually issued to an adult for himself or on behalf of a minor.
• Joint 'A' Type Certificate: This is issued to two adults who can claim this equally or either of the survivors.
• Joint 'B' Type Certificate: Issued jointly to two adults payable to either of the holders or to the survivor.
Duplicate NSC Certificates
The certificates procured at the time of investments are absolutely must to avail the NSC, having said that, there is a high probability of certificates being damaged or misplaced leaving the investment hung ever after the maturity period. The Government of India provides a solution to this problem as well by providing a provision for issuing Duplicate NSC Certificates. This can be achieved with a simple process.
Application: Form NC 29 must be duly filled by the applicant for the issuance of a duplicate NSC certificate. These forms are also available on the Indian Post website.
Certificate of identification: The application must be verified by a witness who would identify the person. This is further supported by an array of documents which are necessary for the duplicate NSC certificate.
Supporting documents: Apart from the proofs, the applicant is also required to file an FIR regarding the stolen/lost/misplaced NSC Certificate. This must be attached with the form. The investor must also deliver an Indemnity Bond.
Charge: To avail the duplicate NSC certificate, the applicants are also required to pay the fees which vary from time to time.
The Duplicate NSC certificate is only issued if the applicant has complied with the above mentioned points. The applicant must also procure all the details regarding his investment to ensure a smooth availability of the duplicate NSC certificate which can be availed at any post office.
About the Author
Pulkit Sharma is the author of this article, He has written good articles on various governmental topics. Here he is sharing the information about Duplicate NSC Certificate
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