Post Office NSC Scheme : Nowadays, everyone thinks that they should save something for the future so that they don’t have to worry about old age or if there is a sudden need. But nowadays, frauds have increased so much that it is difficult to understand where to invest money so that it does not sink, and there are some benefits, too. If you are also experiencing this tension, then stop worrying! There is a post office scheme, National Saving Certificate (NSC), which is absolutely best for you.
This scheme is run by India Post, and your money is absolutely safe in it. It is a government scheme, so there is no question of sinking. And what is the best thing? You also get good interest in it, which banks do not even offer nowadays.
For how many years should you invest?
If you are considering investing in NSC, know that you have to invest money in it for 5 years. After 5 years your money will mature, meaning you will get the entire money back along with the interest. And if you feel that you still have to keep more money, you can also extend this period for 3 more years.
Now you must be thinking that if we invest 9 lakh rupees, how much profit will we get? Let’s know this too.
What is NSC scheme?
If you want your money to be completely safe and get good interest on it, then NSC is for you. This is one of the most popular saving schemes of the post office, and the government runs it, so it is a tension free investment. There are other benefits of investing in it, you will also know about them gradually.
You will get tremendous interest!
You are currently getting 7.7% interest in NSC. This interest keeps getting added every year, meaning you get the benefit of compounding interest. This scheme is perfect for those people who have a lump sum of money and want to invest it in one place and sit comfortably and get good returns.
Just start with ₹ 1000 and invest as much as you want!
Investing in NSC is very easy. You can start with just ₹1000. And the most interesting thing is that there is no maximum investment limit in it. Meaning, you can invest as much money as you want.
You can open an NSC account alone, and if you want, you can also open a joint account with your wife/husband. And yes, the income tax department also gives exemption in this! Under section 80C, you will also get tax benefits on your interest income.
Try investing 9 lakh rupees, then see the magic!
Suppose, you invested 9 lakh rupees in NSC for 5 years. At the rate of 7.7% interest, in 5 years you will get ₹4,04,130 only as interest! And when your money matures, you will get a total of ₹13,04,130. Isn’t this an amazing scheme?
Conclusion:
The National Savings Certificate (NSC) scheme is a great option for those who want good returns with safe investments. With low risk, good interest and tax benefits, NSC can be a great way to secure your future. So, what are you waiting for? Visit your nearest post office and start investing in NSC today!