Post Office Scheme: Investing Rs 100, you will get a return of Rs 20 lakh, know what is the process

Post Office Scheme: To keep the money of the citizens safe, the post office continues to issue many schemes. One such scheme has been taken out by the post office for the citizens, whose name is National Saving Certificate Scheme. 

There is a very good news for the citizens who want to become a millionaire. Citizens only 5 years to Rs 100 will be submitted after the 20 million can get funds up. Any applicant who invests money in NSC will get full guarantee of security along with guaranteed return.

Citizens will get the benefit of interest in NSC at the rate of 6.8%

You can start it by investing Rs 100 in the post office scheme . Citizens will get interest in the National Savings Certificate Scheme of the Post Office at the rate of 6.8% per annum . In this, the benefit of compound interest is available, which is paid on maturity. The tenure (maturity period) of the scheme is up to 5 years , but if the citizen wishes, after the completion of 5 years of maturity, this scheme can be extended for another 5 years.

This benefit will be available from the post office scheme

Any customer who invests money in this scheme will be given the facility of tax benefit. The benefit of deduction under section 80C is available on investment in the scheme . The section limit has been kept at Rs 1.5 . Along with this, income from interest is taxable, so investors can get income from interest also included in the return.

Investors will get full Rs 20.58 lakh

If the investor wants that he can get the fund of Rs 20.58 in 5 years, then for this he will have to invest up to 15 lakhs in 5 years . In which they will get profit of 6 lakhs by way of interest. In this, the citizen will get compound interest from 6.8% .

After 5 years, you will get the benefit of so much money

According to the National Savings Certificate, if the investor invests only up to Rs 1 lakh in the scheme, then after 5 years, he will get Rs 1,38,949 at an interest rate of 6.8% . Similarly, if he invests Rs 2 lakh , he will get Rs 2,77,899 and after investing Rs 5 lakh he will get Rs 694746 after 5 years .

Facts about the scheme

• Investors can invest their money by visiting any branch of the post office.
• Any citizen of the country can invest in this scheme.
• Hindu Undivided Family and Trust cannot invest in this scheme.