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Many people are fond of such schemes which keep their money safe and also give good interest. So today we have brought information about one such scheme.
If you want to earn good interest and keep it safe, then this post office scheme is a great option for you. National Savings Certificate Scheme can give good returns.
In this scheme you can invest minimum and maximum Rs 1000 in a year. If you want to earn more profits by depositing money together then this scheme is for you.
In this scheme, if you deposit Rs 10 lakh for 5 years, then you get a benefit of only Rs 4.5 lakh in 5 years.
At present 7.7 percent interest is given by the post office on the National Savings Certificate Scheme. This is a scheme guaranteed by the post office and in this you do not have to face market risk.
Who can invest?
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 wish, you can also open an account in the name of your minor children.
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, you can open multiple National Savings Certificate accounts simultaneously.
If you deposit Rs 1.5 lakh then you also get tax benefit
If you have invested in National Savings Certificate, then for 5 years you will get returns at the same rate at which you have purchased this scheme. If the interest rate of this scheme is reduced in between, it will not have any impact on your money. In such a situation, you can calculate how much 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.
You will get interest of Rs 4.50 lakh in 5 years
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. Thus, interest will be given at the same rate for the next 5 years. In this case, you will get around Rs 4,49,000 only from interest.
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.
Under this scheme you do not get the facility of partial withdrawal. In this scheme you get the full money only after 5 years. In some special circumstances you can close it prematurely.
Your account may be closed prematurely on court orders.
Apart from this, even if the account holder dies, the account can be closed prematurely under this scheme.