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National Savings Certificate: Tax deduction up to Rs 1.5 lakh is available in this scheme of post office, know how to invest

National Savings Certificate: If you are planning to invest in National Savings Certificate (NSC), then you can start investing in it both online and offline.

New Delhi. National Savings Certificate (NSC) issued by the Government of India is a traditional but widely adopted investment option. For those unfamiliar or new to the investment landscape, NSC is a fixed income investment program. If you want a safe and guaranteed return option for investment, then you can invest in Post Office’s National Savings Certificate (NSC). It is popular among investors due to its tax benefits and attractive return rates.

NSC is one of the small savings schemes on which the interest rate is reviewed by the government every 3 months. At present (January-March 2024) the government is giving interest rate of 7.7 percent on NSC. It is worth noting that in this scheme you get the benefit of compound interest. There is also the benefit of tax deduction up to Rs 1.5 lakh under section 80C of Income Tax on deposits in NSC.

You can start investing from Rs 1,000

The specialty of this small savings schemes of the post office is that you can start investing in it with a minimum of Rs 1,000. There is no maximum limit for investment in this. The maturity of this scheme is 5 years. You can invest in this scheme both online and offline.

How to invest in NSC offline-

  • First of all you go to the nearest post office.
  • After this fill the NSC application form.
  • Then provide KYC documents.
  • After this you complete the payment.
  • After completing the payment, the post office will issue you a physical NSC certificate.
  • If you have a post office savings account then you can invest in NSC online.
  • First of all go to DOP Net Banking.
  • After this go to General Services and click on Service Requests.
  • Now click on New Requests and click on NSC Account – Open an NSC Account (For NSC).
  • After this, enter the amount you want to invest and your transaction password.
  • Now you will get the confirmation receipt and your investment will be completed.

Read this: Budget 2024: Important decision regarding NPS may be taken in this budget, tax exemption rates may increase.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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