India Post Office की इस स्कीम में 7,00,000 रुपये जमा करेंगे से 5 साल बाद कितना मिलेगा?

Whatever money you invest in the Post Office’s National Savings Certificate Scheme (NSC Scheme), you will not only earn high interest, but you will also benefit from a tax exemption on the investment amount under Section 80C of the Income Tax Act. Excellent profits and secure investments. For those who invest while conserving their hard-earned money, both of these factors cause the most internal conflict. Post Office Savings Schemes may be the best choice for you if you intend to invest as well.

Through the post office, the government is conducting programs for every age group; one of these unique schemes is the National Savings Certificate, or NSC, which not only yields an incredible return of more than 7 per cent but also helps investors to save tax. Let us talk about it in detail.

Post Office National Savings Certificate (NSC)

The National Savings Scheme, often known as the National Savings Certificate (NSC), is one of the most popular small savings plans offered by the post office due to its return and advantages. The great attention this plan attracted helped to boost its popularity. This is the reason the number of individuals making investments in it is rising steadily. Regarding the interest the investor creating an NSC account gets, it is right now 7.7 per cent. This interest rate is given as part of the plan and is compounded. In this case, the interest comes into the account just following five years of investing.

Greater interest rate compared to bank FD 

Actually, the interest rate that this government scheme offers is often more than the one a bank offers on fixed deposits (FD). FD interest rates given by most banks fall between 7 and 7.5 percent. Every three months, National Savings Certificate and other post office modest savings plans have their interest rates changed. The government itself assures the security of the made investment in this. 

Need To Invest for 5 years 

It is crucial to note here that if you want to take full benefit of the interest being given, then you will have to retain your investment in this post office program till the lock-in-period, after that you will be paid the entire interest. A lock-in duration of 5 years has been specified in NSC. In other words, if you start an account in this saving plan and stop it after operating it for one year, then you will only be repaid the money deposited by you, not a single penny of interest. 

A tax exemption of Rs 1.5 lakh

The post office gives a return of 7.7 percent on the money you put in National Savings Certificate. So the second large advantage of contributing to this scheme is that the benefit of tax exemption is also offered on the investment amount under section 80C of the Income Tax Act. By investing in NSC, you may save tax on a maximum of Rs 1.5 lakh in a financial year by claiming tax exemption. 

Create an account offline or online

The NSC scheme also gives the ability to create accounts in the name of children. As per the guidelines, the account created in the name of a kid below 10 years of age is controlled by his parents, while the youngster can assume control after completing 10 years of age. In this government plan, you can register an account with a minimum deposit of just Rs 1000 and for this you may go to the local post office. Apart from this, the capability of online investing is also available in it.

Frequently Asked Questions

Ques: What is the interest rate available under the NSC scheme?

Ans: Under existing regulations, it provides an interest rate of 7.7%, compounded annually. The payout of interest is after a period of 5 years with a lock-in period.

Ques: Can I avail of tax exemption by investing in the NSC scheme?

Ans: Yes, you are allowed an exemption in tax up to a limit of Rs 1.5 lakh under the provisions of Section 80C of the Income Tax Act by investing in the NSC scheme.

Ques: How can I open an NSC account?

Ans: You can open an NSC account at the nearest post office in your area with a minimum deposit of Rs 1000. The scheme also offers account creation online.

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