There is a National Savings Certificate (NSC) in the post office scheme where better interest is getting compared to FD. 100 can be invested in this scheme.
New Delhi. If you are planning to invest, then the Small Savings Scheme of the Post Office can prove to be a better option. In post office small savings schemes, you get good returns from FD or RD of the bank. This post office scheme can also be a better option because the money is completely safe in it.
There is a sovereign guarantee on the amount deposited in this. There is a National Savings Certificate (NSC) in the post office scheme where the interest is getting better as compared to FD.
Interest rate In the post office’s NSC scheme, interest is currently being received at the rate of 6.8 percent per annum. It is compounded on an annual basis but the payment is made only on maturity. The tenure of this scheme is 5 years. However, on maturity it can be extended for another 5 years.
5 options for investment National Savings Certificate Now Rs 100, Rs 500, Rs 1000, Rs 5000 and Rs 10,000 value Available in. One can invest in NSC by purchasing any number of certificates of different values. A minimum investment of Rs 100 is required in this. There is no maximum investment limit.
15 lakhs will be made of 21 lakhs If you invest Rs 15 lakhs in this scheme, then at 6.8 percent interest rate it will become Rs 20.85 lakhs in 5 years. Your investment in this will be 15 lakhs, but there will be a benefit of about 6 lakhs in the form of interest. Under Section 80C of the Income Tax Act 1961, tax deduction is available on investments up to Rs 1.5 lakh per annum under NSC.
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