NSC for NRIs: Can non-resident Indians invest in National Savings Certificate and claim tax benefits?
· livemint.com
Investments in NSC start at ₹1,000 with no upper limit. NSC qualifies for Section 80C tax deductions for resident investors. Premature encashment is allowed under specific circumstances, like the account holder's death or court orders.
Transitioning to Non-Resident Indian (NRI) status can change your eligibility for several investment options in India, including the National Savings Certificat...