Get ₹4.93 lakh interest in just 5 years in this scheme of Post Office, know full details

If you want to invest your hard earned money in an option where not only the capital is safe, but also gets good returns on it - then Post Office Savings Schemes can be a great solution. Especially in times of market volatility, government-backed schemes emerge as a strong foundation of stability and trust. A strong name among these schemes is the National Savings Certificate (NSC) - which has long been popular among investors and has now become the center of attraction again.

7.7% compound interest - Great returns with safe investment

The NSC scheme is currently running at 7.7% annual interest rate, compounded over a lock-in period of five years. Investment in this scheme can be started from a minimum of ₹1,000 and there is no limit to the maximum investment. Best of all, the interest is compounded every year and finally compounded - making the returns much higher.

Profit of around 5 lakhs in 5 years – Know how

if an investor invests ₹11 lakh lump sum, then after 5 years the maturity amount reaches ₹15.93 lakh. That is a total interest of around ₹4.94 lakh – that too without any risk. It is an ideal option for those who want safe and stable returns in the long term.

Double Benefit of Tax Exemption

Another major benefit of this scheme is that investment in NSC also gets tax exemption of up to ₹1.5 lakh under Section 80C. This means that you are not only earning good returns, but can also save on income tax every year.

Investment possible even in the name of children

In the NSC scheme, parents can also open accounts in the names of their children below 10 years of age. All account responsibilities are passed on to parents. This is a great way to prepare financial security for children's future.

Both offline and online options

You can open an NSC account by going to the nearest post office or you can also apply through online platforms. Its operation is completely under the guarantee of the government, so that the investment is completely safe.

5 Years Lock-in – Make a Consensus Decision

A lock-in period of 5 years is mandatory after investment in the NSC scheme. If you withdraw before this, you will only get the principal - no interest. Therefore, it is important to clearly understand your needs and financial goals before investing in it.

PC:Punajab Kesari