NSC: If you want to get relief from income tax, then this investment is going to give you double benefit. In this scheme, you are also getting a return of Rs 1 lakh 95 thousand. Along with this, you can also claim tax deduction of Rs 1 lakh 50 thousand in this scheme.
Post Office Scheme: People who have to take safe and guaranteed returns. It is better for them to invest in post office, through this small savings scheme you can earn a profit of 1 lakh 95 thousand. Yes, the name of this superhit scheme of the post office is National Savings Certificate (NSC). The specialty of this small savings scheme is that you have to invest only once in this and there is no maximum limit for that too. As much as the investor wants, he can invest money in this scheme. There is also a facility to open multiple accounts in NSC. You can take a tax deduction of up to Rs 1 lakh 5 thousand under Section 80C of Income Tax by investing in this scheme.
Deposit 5 lakhs, you will get ₹ 6.95 lakhs
At present, interest is being given at the rate of 6.8 percent per annum in the National Savings Certificate (NSC) scheme of the post office. If you deposit Rs 5 lakh lump sum in this scheme, then after 5 years you will get a total of Rs 6,94,746. In this way, you will be given an interest of Rs 1,94,746 in the scheme. In this scheme, the interest is decided on a compounding basis, but it is paid on maturity. The maturity in this scheme is of 5 years. To invest in National Savings Certificate (NSC), an account can be opened in any post office.
Market will not affect
this account opens with at least Rs.1000. There is no maximum limit for investment in this. Deposits can be made in multiples of Rs 100 in this scheme. Investment in this scheme is completely safe. Market risk has no effect on it. These accounts can be opened in any branch of the post office. Any adult can open this account. In this scheme, apart from joint account, parents or legal guardians of children above 10 years of age can also buy certificates.
Know these rules before investing in NSC
Money cannot be withdrawn in NSC before 5 years, but in some special circumstances it is exempted. On these schemes, the government revises the rate of interest after every 3 months. Let us tell you that you can also take a loan on this scheme. It is accepted as collateral or security in all banks and NBFCs. Investor can make his family member a nominee.
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