NSC- Good news for investors. A special savings scheme of the Government of India has brought a golden opportunity for investors, which can give a profit of up to Rs 36 lakh in just 5 years. This scheme is an excellent option for those who are looking for safe and guaranteed returns. Let’s know about this scheme and how it can be made beneficial.

This scheme, which has been in discussion on social media platform X recently, is the National Savings Certificate (NSC), which is operated under the small savings schemes of the post office. NSC is a safe investment option, which is a scheme of the Government of India and has almost no risk.

How to get a profit of Rs 36 lakh?

If you invest Rs 25 lakh in NSC, then at the current interest rate (7.7% per annum, which is reviewed on a quarterly basis) over a period of 5 years, this amount can grow to around Rs 36 lakh on maturity. The interest rate in NSC is compounded on an annual basis, which makes the investment amount grow rapidly.

5 big benefits of NSC

Safe Investment: Being backed by the Government of India it is completely safe.

Tax benefits: Investment in NSC is eligible for tax exemption of up to Rs 1.5 lakh under section 80C of the Income Tax Act.

Attractive Returns: The current interest rate is 7.7%, which is better than other safe investment options.

Flexible investment: One can start investing with a minimum of Rs 1,000, and there is no upper limit.

Easy availability: The scheme is available at post offices across the country.

How to avail the benefit?

Open an NSC account in your nearest post office. Complete the KYC process with Aadhaar card, PAN card, and passport size photo. Invest according to your financial capacity. The maturity period of NSC is 5 years, after which you will get the full amount along with interest. Consult your tax advisor to get maximum tax benefits under section 80C.

Who should invest?

This scheme is considered best for middle class families, people planning for retirement, investors looking for tax savings as well as good returns.

Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.