Earn Rs 14 lacs or Above in just 5 Years with THIS Scheme
Looking for a secure investment option with guaranteed returns? Look no further than the National Savings Certificate (NSC) offered by the Post Office.
Unlike other schemes with limited investment ceilings, the NSC allows you to invest without any maximum limit.
Plus, you can open multiple accounts under this small savings scheme. Enjoy the added benefit of tax exemption and numerous other advantages.
Double Benefits with NSC
With a maturity period of 5 years, the NSC scheme offers an attractive annual interest rate of 7.7%.
The unique feature of compounding interest means your earnings are doubled.
It’s important to note that partial withdrawals are not permitted; the full amount is payable only upon maturity.
For instance, depositing Rs 1000 will yield Rs 1449 after 5 years.
High Returns on Lump Sum Investment
According to the Post Office NSC calculator, an investment of Rs 10 lakh will yield a substantial Rs 14,49,034 at maturity after 5 years.
Out of this, an impressive Rs 4,49,034 is accrued through interest alone.
Investing in NSC is hassle-free, available across all post offices.
Start with a minimum of Rs 1000, and there’s no upper limit. The government guarantees the investment, ensuring peace of mind.
Who Can Benefit from NSC?
The NSC is accessible in any post office nationwide. It’s inclusive, open to all citizens, and supports joint accounts.
Parents can secure a certificate on behalf of children aged 10 and above. While withdrawals before 5 years are limited, certain exemptions apply.
The government reviews the NSC interest rate every quarter.
Key Features of NSC
- Purchase NSC at any Indian post office.
- Interest compounds annually, paid at maturity.
- Accepted by banks and NBFCs as collateral for loans.
- Nominate a family member as an investor’s nominee.
- Transferable between individuals once between issuance and maturity.
- The Post Office NSC offers a safe and lucrative investment avenue, providing both financial security and growth potential.
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