By investing Rs 5 lakh in National Saving Certificate of Post Office, you can get a return of Rs 7 lakh

National Saving Certificate: Every person starts making investment planning as soon as he starts his job. Even today, there are a large number of people in the country, so they avoid investing in the market and invest money only where there is no risk. If you are also looking for a safe investment option, then we have brought you a great investment scheme of the Post Office.

The name of this scheme is National Saving Certificate. You get a government guarantee by investing in this scheme. Along with this, you also get great returns.

If you are also planning to invest in National Saving Certificate, then we are giving you information about the details of this scheme and the returns you will get.

Getting so much return on NSC

On the National Savings Certificate of the Post Office, customers get a return of 6.8 percent on an annual basis. Investors can invest a total of 5 years money in this scheme. It is worth noting that on the NSC scheme, you get the interest rate on the basis of compounding.

Let us tell you that along with the NSC scheme, the government reviews the interest rates of other small savings schemes from time to time. If you invest Rs 5 lakh in NSC scheme for 5 years, then you will get a return of Rs 6.94 lakh on maturity i.e. you will get about Rs 2 lakh as tax in 5 years.

Eligibility to invest in NSC Scheme-

  • In this scheme, you can open a single point account.
  • Two or three people can open a joint account simultaneously.
  • In this scheme you can invest minimum Rs 1000 and maximum amount.
  • On the other hand, in the scheme, you can invest money in multiples of Rs 1,000.
  • The account of a 10-year-old child is maintained by their parents till the child reaches 18 years of age.

benefit of tax exemption

By investing in this scheme, you get exemption under Section 80C of Income Tax. You get the benefit of exemption on investment of Rs 1.5 lakh, but the lock-in period of this scheme is 5 years.

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