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NSS 1992 discontinued

THE choice of tax savings instruments has further reduced with the Central Government discontinuing the National Savings Scheme 1992 with effect from November 1. The scheme offered a 20 per cent income-tax rebate and an annual interest of 8.5 per cent.

The NSS 1992 had no limit on investment, and there was no maximum period of holding the account.

BL Research Bureau

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