Government scheme: A large part of the country still prefers to invest in government projects instead of private investment. Citizens invest in government small savings schemes thinking about financial security with guaranteed good profits.
One such scheme offers you an income of Rs 70 lakhs in 5 years. Know how to get this return.
If invested in National Savings Certificate for five years, you can earn 7.7% annual interest on maturity. There is no investment limit in this case, you can invest as much as you want.
Here is a complete calculation of how much money you will get in five years investing from Rs 1 lakh to Rs 50 lakh.
This scheme is administered by Govt. Those who invest in it, get guaranteed returns. Many other benefits are also provided in this scheme. This scheme saves tax. Under this, up to one and a half lakh taka can be saved annually. This exemption is given under Section 80C of the Income Tax Department.
If you invest Rs 1 lakh you will get Rs 44,903 interest in five years and a total of Rs 1.44 lakh.
An investment of Rs 5 lakh will earn interest of Rs 2.24 lakh in five years and the total amount will be Rs 7.24 lakh. If you invest Rs 10 lakh, the interest in five years will be Rs 4.49 lakh and the total copper will be Rs 14.49 lakh.
The total interest on an investment of Rs 20 lakh will be Rs 8.98 lakh and the total after maturity will be Rs 28.98 lakh. 13.47 lakhs after investing Rs 30 lakhs for five years interest and the total amount after maturity will be Rs 43.47 lakhs.
If Tk 40 lakh is invested for five years then the total would be Tk 57.96 lakh, of which the interest would be Tk 17.96 lakh.
An investment of Rs 50 lakh will be Rs 72.45 lakh after maturity, with a total interest of Rs 22.45 lakh. Invest in the scheme only after knowing this in detail. Interest rates may vary in many cases.
