This post office scheme will provide huge savings – India TV Hindi

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National Savings Certificate: Post Office Small Savings Schemes are quite popular among people. The main advantage of investing in these schemes is that the money is safe and the returns are also quite good. National Savings Certificate (NSC) is one such scheme.

National Savings Certificate

The National Savings Certificate (NSC) is run by the Govt. Its interest rate is revised every quarter by the government. Currently, the government is paying 7.7 percent interest on NSC. The advantage of investing in this scheme is that you get the benefit of income tax exemption along with good returns.

If a person invests up to Rs 1.5 lakh in NSC in a financial year, he can avail exemption under Section 80C of Income Tax.

Lock-in period of 5 years

The lock-in period of National Savings Certificate is 5 years. If the ANS account is closed within one year of opening, only any interest will be paid. Only investment amount will be given.

Higher interest than FD

Currently, the government is paying 7.7% interest on NPS. At the same time, the interest rate on 5-year tax-saving FDs in the bank ranges from 7 to 7.5 percent. Seen this way, tax saving FDs are earning more interest than bank FDs.

Can start from Rs.1000?

You can invest in NPS with a minimum of Rs.1000. There is no limit of any kind regarding the maximum investment. Investing in NPS can be done through both offline and online means. To invest offline, you need to visit your nearest post office and you can invest online through the post office website.

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