Invest in this Post Program, in 5 years you will get 21 lakh for 15 lakh - how do you know
There is a National Savings Certificate (NSC) in the postal system where better interest rates are obtained compared to FD. One can invest in this program even from Rs.100.
New Delhi. If you are planning to invest, a Small Post Savings Scheme can prove to be a better option. For smaller postal schemes, you get good returns on FD or RD bank. This postal system can also be a better option because money is completely safe in it.
In this case, there is an independent guarantee of a deposit There is a National Savings Certificate (NSC) in the postal system where interest is better than FD. Interest rate The NSC postal system currently earns interest rate of 6.8% per annum. It is compiled annually but payment is made only at maturity. The term of the program is five years. However, at maturity it can be extended for another 5 years.
5 Investment Certificate National Savings options are currently available in Rs 100, Rs 500, Rs 1000, Rs 5000 and Rs 10,000 programs. One can invest in the NSC by purchasing any number of certificates of different values. A minimum investment of Rs 100 is required for this. There is no major investment limit.
15 lakhs will be made for 21 lakhs. If you invest 15 lakhs in this program, then it will be 20.85 lakhs in 5 years with 6.8 percent interest. Your investment in this will be 15 lakhs, but there will be a profit of about 6 lakhs in terms of profit. Under Section 80C of the Income Tax Act 1961, tax deductions are available for investments up to Rs 1.5 lakh per year under the NSC.
