Post Office National Savings Certificate Scheme: Have you ever thought of saving and investing in Post Office? If not then do think of it as there are many beneficial schemes in the post office to keep your money safe and give more profits in return than any other sources. Moreover, small savings can result in big in coming times and offer great relief in future.
In such a situation, you can invest in government schemes. Post Office has many schemes where you can get good return in investment. The National Savings Certificate (Post Office NSC) is also a great scheme of the post office. In this scheme you can add big money in few years. Your money is completely safe in the post office, so you can invest without risk.
Benefits of National Savings Certificate
The National Savings Certificate Scheme has a maturity of 5 years. The special thing is that with certain conditions you can withdraw the account amount after the maturity period of 1 year. The interest rates in the National Savings Certificate are set by the government at the beginning of every quarter of the financial year. You can start investing in it from Rs 100. The scheme is currently getting 6.8 percent interest annually. Under this scheme, you can also get tax rebate of Rs 1.5 lakh annually under Section 80C of Income Tax.
21 lakhs to be matured in 5 years
For example, if you invest Rs 15 lakh in the beginning then you will get an amount of Rs 20.85 lakh after 5 years at the interest rate of 6.8. Your investment in this will be 15 lakhs, but there will be a benefit of about 6 lakh rupees in the form of interest. If you want, you can extend it even further.