Inflation Indexed National Savings Securities-Cumulative (IINSS-C)
The Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division) has issued a notification regarding the Inflation Indexed National Savings Securities-Cumulative (IINSS-C) 2013.
This scheme is designed to provide returns that are protected from inflation, ensuring that the purchasing power of the investment is maintained.
Key Features:
The IINSS-C is a long-term savings instrument with a maturity period of 10 years.
The returns on investment will be adjusted for inflation, ensuring that the real value of the investment is protected.
The scheme is open to individuals, including joint holders, and Hindu Undivided Families (HUFs).
The minimum investment amount is ₹1,000, with no maximum limit.
The interest rate will be compounded half-yearly and paid on maturity.
The investment in IINSS-C qualifies for tax benefits under Section 80C of the Income-tax Act, 1961.
The scheme is backed by the Government of India, ensuring a high level of safety and security.
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Download: Inflation Indexed National Savings Securities- [IINSS-C]