If you want to put your hard -earned money in an option where not only the capital is safe, but also get good returns on it -the savings schemes of the post office can be a great solution.
Especially at a time when market instability remains, government -backed schemes come up as a strong basis of stability and trust. The National Savings Certificate (NSC)- which has been popular among investors for a long time and has now become the center of attraction again. 7.7% Compound Interest - The excellent Return NSC scheme with safe investment is currently running at 7.7% annual interest rate, which increases compounded for a five -year lock -in period. In this scheme, investment can be launched at minimum ₹ 1,000 and there is no limit for maximum investment. The most important thing is that interest is found together every year by compounding and finally - due to which the return increases more.
An advantage of about 5 lakhs in 5 years - Know how if an investor invests ₹ 11 lakh lump sum, then after 5 years the maturity amount reaches ₹ 15.93 lakh. That is, the total interest of about ₹ 4.94 lakh - that too without any risk. This is an ideal option for those who want safe and stable returns in long term.
The double advantage of tax exemption is another major advantage of this scheme is that on investing in NSC, there is also a tax exemption of up to ₹ 1.5 lakh under Section 80C. This means that you are not only earning good returns, but can also save in income tax every year.
In the name of children, investments in the NSC scheme can also open an account in the name of children under 10 years of age. All the responsibilities of the account are with the parents. This is a great way to create financial security for the future of children.
You can open both offline and online options by going to the NSC account nearby post office or also apply through online platforms. It is operated completely under the government guarantee, which keeps the investment completely safe.
5-year lock-in-Take the decision with intelligence, after investing in the NSC scheme, a 5-year lock-in period is mandatory. If you withdraw the amount before, then you will only get Principal - not interest. Therefore, it is important to understand your needs and financial goals clearly before investing in it.
