Small Savings Scheme: If you have invested money in any government scheme like PPF or NPS, then there is important news for you.
Small Savings Scheme: If you have invested money in any government scheme like PPF or NPS, then there is important news for you. The government has made a big announcement regarding the interest rates available on Public Provident Fund and National Savings Certificate.
There has been no change in interest rates,
let us tell you that the central government has announced interest rates for the period from April to June. If you also invest money in these schemes, then now you will get the same interest as before, that is, the government has not made any changes in the interest rates this quarter.
Let’s check how much interest will be available on PPF and NSC –
In Public Provident Fund, customers will get the benefit of annual interest at the rate of 7.1 percent.
On National Savings Certificate, customers are getting the benefit of annual interest at the rate of 6.8 percent.
Talking about Public Provident Fund (PPF)
PPF account, customers can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh in this account. Apart from this, if we talk about its maturity, that period is 15 years.
At the same time, if you need more money, then after 8 years you can debit some percentage of it. One cannot deposit in PPF more than 12 times in a financial year.
National Savings Certificate (NSC)
Apart from this, if we talk about NSC, then this can also be a best option for investment. There is no maximum limit for depositing money in this. Apart from this, you can also open multiple accounts.
Tax deduction up to Rs 1.5 lakh is available under section 80C of income tax on deposits in NSC. You can start investing in it with Rs 1 thousand and the maturity period is 5 years.
