National Savings Certificates: If you want to earn good interest on your money and also want to keep it safe, then this scheme of Post Office is a great option for you. Yes, today we are going to talk about the National Savings Certificate Scheme in which you can invest a minimum of Rs 1000 in a year and a maximum of as much as you want. In this scheme, if you deposit Rs 10 lakh for 5 years, then you get a benefit of only Rs 4.5 lakh within 5 years.
At present 7.7 percent interest is being given by the Post Office on the National Savings Certificate Scheme. It is worth noting that this is a scheme guaranteed by Post Office National Savings Certificates and in this you do not have to face market risk. Let us know according to the calculation how much benefit you will get by investing Rs 10 lakh in this scheme.
Who can invest in it?
The advantage of National Savings Certificate Account is that you can open a joint account of two to three people in it. Apart from this, if you wish, you can also open an account in the name of your minor children. However, if your child is 10 years old, a savings certificate can be purchased in his name also. Apart from this, if you want to make different investments then you can open multiple National Savings Certificate accounts simultaneously.
If you deposit an amount of up to Rs 1.5 lakh in this account, you also get tax benefits on it.
For your information, let us tell you that if you have invested in National Savings Certificate, then for 5 years you will get returns at the same rate at which you have purchased this scheme. If the interest rate of this scheme is reduced in between, it will not have any impact on your money. In such a situation, you can calculate how much money you will get on the deposited amount by looking at the percentage of return at the time of investment. This is a guaranteed return and there will be no market risk involved!
Where to apply for National Savings Certificates
- You can apply for this scheme by going to your nearest post office. Let us tell you that NSC is a post office scheme.
- However, under this scheme you do not get the facility of partial withdrawal. In this scheme you get full money only after 5 years. However, in some circumstances you can close it prematurely.
- Your account can be closed prematurely on court orders.
- Apart from this, even if the account holder dies, the account can be closed prematurely under this scheme.
How to get interest of Rs 4.50 lakh in 5 years?
For your information, let us tell you that if you are investing Rs 10 lakh in National Savings Certificates and you are being given interest at the rate of 7.7 percent, then you will continue to get interest at the same rate for the next 5 years. ! Post Office: In such a situation, you will get around Rs 4,49,000 only from interest.
