Q.
Maturity period of the MIS (Monthly Income Scheme) and NSC (National Savings Certificate) was SIX years, what is it going to be as per the latest orders?
Asked by Sridhar,
12 Nov '11 09:20 am
Earn 10 points for answering
Answers (8)
1.
The maturity for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) would be reduced to five years from six years and a new NSC instrument with a maturity of 10 years would be introduced.
Answered by venkatesaldevarajan, 12 Nov '11 09:22 am
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
2.
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
3.
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
4.
But no one know if it is for new policies or old
Answered by vilas manohar deshpande, 12 Nov '11 09:53 am
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
5.
In the case of MIS, a year is being reduced, while for NSC investments, the period of maturity is extended by four more years...!
Answered by Dil Se, 12 Nov '11 09:26 am
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
6.
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
7.
Reduced to FIVE years from SIX year maturity for both MIS & NSC. For MIS -bonus of 5 % is cancelled- Rate of interest increased to 8.2% PA from 8 % & for NSC interest is 8.7 % PA from 8 %PA
Answered by radhakrishnan, 12 Nov '11 09:24 am
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
8.
5 years sir, can u tell are u preparing for next season of KBC
Answered by Gunda, 12 Nov '11 09:21 am
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received