Tax Saving Scheme: By investing under the National Savings Certificate Scheme, you are getting the double benefit of tax saving as well as strong returns.
National Saving Certificate: Today there are many investment options available in the market, but still people prefer to invest in small savings schemes of the post office. One such scheme is National Savings Certificate.
You can get strong returns by investing in National Savings Certificate i.e. NSC Scheme for a period of five years.
Under this scheme, the government is giving the benefit of compounding interest rate of 7.7 percent on the deposited amount.
The special thing about this scheme is that under the scheme you can invest any amount in multiples of minimum Rs 1,000 and maximum Rs 100.
In this scheme you will also get the benefit of income tax saving. Under Section 80C of Income Tax, the benefit of tax exemption is available on investments up to Rs 1.50 lakh.
Under NSC you can open an account in any post office of the country. In this scheme, you can also invest for your child and get a huge fund in a period of five years.
According to the NSC calculator, if a person invests Rs 10 lakh in this scheme, he will get Rs 14.49 lakh on maturity after a period of 5 years. In this, Rs 4.49 lakh will be given as interest.
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