Post Office National Saving Certificate Scheme: Post Office NSC Scheme Have you ever thought about saving and investing in post office? If not, don’t think about it because the post office has many beneficial schemes to keep your money safe and give more profit than any other sources! In addition, small savings can be big in the coming times! And can give great relief in future.
In such a situation, you can invest in government schemes. The post office has many plans! Where you can get good returns in investment! The Post Office National Saving Certificate Scheme is also a wonderful scheme of the post office! In this post (Post Office NSC Scheme) you can add big money in few years! Your money is completely safe in the post office! Therefore, you can invest without risk.
Benefits of national savings card
The National Savings Certificate Scheme (PONSC) has a maturity period 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 rate in the National Savings Certificate (Post Office NSC Scheme) is set by the government at the beginning of every quarter of the financial year! You can start investing in it with 100 rupees! Currently the scheme is getting 6.8 percent interest annually! Under this scheme, you can get a tax rebate of Rs 1.5 lakh annually under Section 80C of Income Tax.
21 million maturing in 5 years
For example, if you invest 15 lakhs in the beginning! So you will get 20.85 lakh rupees after 5 years at an 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.