Post Office Scheme: If you want to earn good interest from your money and also want to keep it safe, then this Post Office Scheme is a great option for you. Yes, today we are going to talk about the National Savings Certificate Scheme in which you can invest at least Rs 1000 and maximum as much as you want in a year. If you want to earn more profit by depositing money in lump sum, then this scheme is for you only. In this scheme, if you deposit Rs 10 lakh for 5 years, you get only a profit of Rs 4.5 lakh within 5 years.
At present, 7.7 percent interest is being given on the National Savings Certificate Scheme by the Post Office. It is worth noting that this is a scheme guaranteed by the post office and in this you do not have to face market risk. Let us know according to the calculation, how much benefit you will get if you invest Rs 10 lakh in this scheme.
Who can invest in this?
The advantage of National Savings Certificate Account is that you can open a joint account of two to three people in it. Apart from this, if you want, you can also open an account in the name of your minor children. However, if your child is 10 years old, then a savings certificate can be purchased in his name also. Apart from this, if you want to make different investments, then you can open multiple National Savings Certificate accounts simultaneously.
If you deposit an amount of up to Rs 1.5 lakh in this account, you also get tax benefits on it.
For your information, let us tell you that if you have invested in National Savings Certificate, then for 5 years you will get returns only at the rate at which you have purchased this scheme. If the interest rate of this scheme is reduced in between, it will not affect your money. In such a situation, you can calculate the amount of money you will get on the deposited amount by looking at the percentage of return at the time of investment. This is a guaranteed return and there will be no market risk involved in it.
How to get interest of Rs 4.50 lakh in 5 years
For your information, let us tell you that if you are investing Rs 10 lakh in National Savings Certificate and you are being given interest at the rate of 7.7 percent, then you will continue to get interest at this rate for the next 5 years. In such a situation, you will get around Rs 4,49,000 from interest only.
Where to apply
You can apply for this scheme by visiting your nearest post office. Let us tell you that NSC is a post office scheme.
However, you do not get the facility of partial withdrawal under this scheme. In this scheme you get the full money only after 5 years. However, in some special conditions you can do its premature closure.
If ordered by the court, premature closure of your account can be done.
Apart from this, even if the account holder dies, the account under this scheme can be closed prematurely.
