Investment Yojna National Saving Certificate Investment Tips National Saving Certificate Scheme is the best way for small investors to increase their deposits. In this, investors get the benefit of compound interest. Any Indian citizen above 18 years of age can invest.
If you are dreaming of becoming a millionaire, then you can fulfill your wish. India Post will cooperate with you in this. You can also become a millionaire in a very short time by investing money in India Post’s National Saving Certificate ie NSC. Under the National Saving Certificate scheme, along with getting assured returns, your money also gets security.
In the post office’s NSC scheme, interest is currently being received at the rate of 6.8 percent. In this, investors get the benefit of compound interest. The tenure of this plan is five years, but you can extend it for another five years if you wish. In this, investors also get the benefit of tax exemption. Deduction is available under section 80C. Its limit is 1.5 lakh rupees. However, you will have to pay tax on the interest income.
This scheme is good for small investors. Interest of Rs 38949 is available on depositing one lakh rupees in this. That is, if you invest one lakh rupees, then you will get 1 lakh 38 thousand 949 rupees after five years. Since the post office is available from city to village. So one can easily invest in it. The post office is the safest place to keep money. Here you can also increase your deposit by keeping it.
Highlights of this plan
- Any Indian citizen above 18 years of age can invest in it.
- Up to three people in a joint account.
- Any minor above 10 years can open an account in his own name.
- You can invest under this scheme by visiting any branch of the post office.
- Hindu Undivided Families and Trusts cannot invest in this.
- Apart from this, NRIs also cannot invest in NSC.
- Interest is also earned on the interest earned on your investment.
- You can also make a nominee in it.
- Minimum Rs 1000 for investment and no maximum limit.
- You can also take a loan on the investment made in it.
- Your money remains safe in this government scheme.
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