National Savings Certificate Yojana 202

National Savings Certificate Yojana 2020

Start with just 100 rupees investment in this central government scheme, after 5 years you will get 21 lakh rupees

Only small savings can help in future. There must be some kind of savings. Investment is the best option for savings. You can invest in government schemes. There are many post office schemes where you can get a good return on your investment. The National Saving Certificate is also an excellent post office scheme. In this scheme you can deposit large amount in few years. Money is completely safe in the post office. You can invest in it without any risk.

Benefits of national savings card

The National Savings Certificate Scheme has a maturity period of 5 years. The special thing is that with certain conditions you can withdraw the account amount after the maturity of 1 year. The interest rate on the National Savings Certificate is fixed by the government at the beginning of every quarter of the financial year.

 With this you can start investing from Rs 100. Currently the scheme is earning 6.8 percent per year. The scheme provides tax exemption of Rs 1.5 lakh per year under Section 80C of the Income Tax Act.

How much can you invest

National Savings Certificates are currently available for Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000. You can invest in NSC by purchasing any certificate of different values. In which a minimum investment of Rs 100 has been started. Therefore there is no limit to the maximum investment.

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21 lakhs in 5 years
For example, if you invest Rs 15 lakh initially, you will get Rs 20.85 lakh after 5 years at an interest rate of 6.8. In which your investment will be 15 lakhs, but in the form of interest there will be a profit of about 6 lakhs.

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