If you also want to add a large amount through small savings, then the National Savings Certificate Scheme of the post office will help you.
The Indian Post, the post office of the Indian Post, runs all such schemes in which the common man can collect a large amount of money through his small budget. But due to lack of excessive advertising, these schemes do not reach the common man.
Therefore, we are going to tell you about one such scheme of post office in which you will get interest at the rate of 6.8 percent per annum. Apart from this, you will also get exemption under Section 80C of Income Tax Act. The name of the scheme is Post Office National Saving Certificate in which you can invest for 5 years without any hassle.
There is no cap imposed for purchasing National Savings Certificates. You can invest up to one lakh rupees in it. You can buy it for 100 rupees. You can invest in this savings card for a period of 5 years, which can also be extended. You can buy National Savings Certificate from your nearest post office.
You can invest in National Savings Letter with an initial amount of Rs 100, after which you can increase the same amount to 500, 5000, 10000 or 100000.
To buy this National Savings Card, you have to take your Aadhaar card and other documents to your nearest post office. After showing the document, you will get a form in which you will have to fill your information and the details of the amount to be invested. You can pay here either by check or cash.
Any citizen of India can invest in National Savings Card, there is no age limit for investing in this savings card, even those below 18 years of age can invest in it.
Parents can also invest in the name of their young children. Apart from this, another special feature of this National Savings Letter is that it can be transferred from one post office to another post office as well as in the name of another person.
