Beginner

In an investing journey, it’s important to clearly understand the risks of investing, product suitability and have a well-set investment objective. However, many of us are guilty of ignoring basic ground rules of financial planning and end up with poor investing experience. Therefore, it is important to understand the prerequisites of building a portfolio for long-term wealth creation. 

National Savings Certificate (NSC) is one of the investment options the Government of India offers. NSC investments are received and serviced by the National Small Savings Fund, managed by the government through the interface of post offices.

TDS stands for Tax Deducted at Source. As the name suggests, this tax is deducted by the income payer (deductor) while making a payment to the deductee. Such taxes are taken from the total amount payable by the payer and deposited with the Income Tax Department. The person paying the income and deducting the TDS is called the deductor, while the person receiving the income and on whose behalf the tax has been deducted is called the deductee.