Post Office Scheme – It is very important to invest your money in a good scheme. Some people invest in the stock market, while some people invest in bank FDs. Some people also like to invest in government schemes. If you are also one of those people who take the help of post office scheme i.e. government scheme to invest their money, then today we are going to tell you about a very good government scheme. Let’s know.
National Savings Certificate (NSC)
National Savings Certificate is a government scheme of the post office. In this scheme, investors get a very good interest rate return by investing their money. In this scheme, investors get a return at an interest rate of 7.7 percent. This interest is paid annually. The maturity period of this scheme is 5 years. The special thing about this scheme is that you can start your investment in NSC with only Rs 1000.
Investing in NSC will give you a profit of 6.73 lakhs
If you invest the entire Rs 15 lakh in the Post Office NSC scheme, you will get a total of Rs 21,73,551 on maturity i.e. after 5 years. Out of this, only Rs 6,73,551 will be for interest. In this case, you will get a profit of Rs 6.73 lakh. In the post office NSC scheme, you also get tax exemption under section 80C of the Income Tax Act. However, this exemption is limited to investment of up to Rs 1.5 lakh only.
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