National Savings Certificate Scheme of post office is getting 6.8% interest
To open an account in this scheme, you have to invest a minimum of 1000 rupees.
The post office offers a variety of savings schemes. Your money is safe in this, as well as you get good interest. One of these is the National Savings Certificate (NSC) scheme of the post office. Here you are getting better interest than FD. We are telling you about this scheme so that you can invest in it.
It is getting 6.8 percent interest
on investment, currently the rate of interest is getting 6.8 percent on an annual basis. In this, the interest is calculated on an annual basis, but the interest amount is given only after the completion of the investment period. The tenure of this scheme is 5 years old. However, it can be extended for another 5 years on maturity.
Investment can start from Rs 1000. To
open an NSC account, you will have to invest a minimum of Rs 1000. You can invest any amount in NSC. There is no maximum investment limit. This account can be opened jointly in the name of a minor and also in the name of 3 adults.
Income tax rebate benefits:
Income tax rebate is available on the amount deposited in the National Savings Certificate. Tax is exempt under Section 80C of Income Tax Act on investment in NSC. However, this rebate is available only on investments up to Rs 1.5 lakh.
Account can be transferred Multiple transfer
NSC VIII issue can be transferred to another person. However, this can be done only once before its maturity. In this, certificate transfer from one person to another can be done only once from the date of issue to the date of maturity.
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How much return will
you get for investing 1 lakh rupees? If you invest 1 lakh rupees in this scheme, then after 5 years you will get 1 lakh 40 thousand rupees, according to the interest of 6.8% per annum. That is, you will get 40 thousand rupees as interest.
Know which bank is paying how much interest here
ICICI Bank
- 5% on 1-year FD
- 5.10% on 1-year to 2-year FD
- 5.10% on FD of 2 years to 3 years
- 5.50% on 5-year FD
HDFC Bank
- 5.10% on 1-year FD
- 5.20% on 2-year FD
- 5.35% on 3-year FD
- 5.50% on 5-year FD
Bank of Baroda (BoB)
- 5.10% on 1-year FD
- 5.10% on FD of 400 days to 2 years
- 5.10% on FDs ranging from 2 years to 3 years
- 5.30% on 5-year FD
State Bank of India (SBI)
- 5.10% on 1 year to less than 2 years
- 5.10% on 2 years to less than 3 years
- 5.30% on 3 years to less than 5 years
- 5.40% on 5-year FD
- 5.40% on 5 years to 10 years
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