Question

    What is the maximum limit to invest in NSC (National

    Savings Certificates)?
    A ₹1 Lakh Correct Answer Incorrect Answer
    B ₹5 Lakh Correct Answer Incorrect Answer
    C ₹10 Lakh Correct Answer Incorrect Answer
    D ₹50 Lakh Correct Answer Incorrect Answer
    E No upper limit Correct Answer Incorrect 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.

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