If you are also thinking of planning to invest in post office then National Savings Certificate can be the best option for you. Investment is safe in this and returns are also guaranteed.
Post Office Scheme : Post Office gives investors the option of safe returns. There are many schemes which can give you huge profits. Not only this, you also get tax exemption on investment. We are going to tell you about one such scheme. The name of this scheme is “National Savings Certificate (NSC)”, it is one of the superhit small savings scheme of the post office.
Will get exemption on income tax
You can also open multiple accounts under this scheme. The special thing is that there is no fixed amount to invest in it. You can invest as per your convenience. 6.8% interest is available under the scheme. NSC matures in 5 years, in which tax exemption of Rs 1 lakh 5 thousand is also available under Income Tax Section 80C. The government keeps revising the interest rate on the scheme every 3 months. If you want, you can also take a loan on its basis.
Take advantage like this
Investors can open their account for just Rs.1000. Going forward, the payment has to be made in multiples of 100. You can open an account by going to the post office branch, for this you need some documents. Children above 10 years of age can also take advantage of this scheme through their parents.
This is the calculation
If you open an account with Rs 1000 in the National Savings Certificate Scheme. So a total of Rs 5 lakh can be collected for 5 years. On completion of maturity, you get a total return of Rs 6,94,746, of which only Rs 1,94,746 is interest.
