Post Office Scheme National Saving Certificate NSC Get 20 Lakh Rupees Check Details

Post Office Scheme: There is great news for post office...

Post Office Scheme: There is great news for post office customers. If you also have an account in the post office or have invested money in a government scheme, then you are going to make huge gains. Many types of government schemes are run by the post office, in which you get the benefit of interest along with saving money.

Will get full 20 lakhs
Today we will tell you about such a special scheme of the post office, through which you can create a fund of 20 lakh rupees in just 5 years. In this scheme, you can become a millionaire in a few years with just a small saving of Rs 100. This government scheme has a National Savings Certificate. By investing in NSC, you get guaranteed returns as well as complete guarantee of safety. Let us tell you how you can make a corpus of 20 lakh rupees in 5 years-

Benefit of compound interest
You can start investing in this scheme in multiples from Rs.100. The NSC scheme of the post office is currently getting interest at the rate of 6.8 percent per annum. In this scheme, investors get the benefit of compound interest, which is paid on maturity. The tenure of this scheme is 5 years. However, on maturity it can be extended for another 5 years.

tax benefits
In this scheme of the government, customers also get the facility of tax benefits. If you invest in it, you get the benefit of deduction under section 80C. The limit for this section is Rs 1.5 lakh. Apart from this, income from interest is taxable. So the investor can include his interest income in the return.

Full Rs 20.58 lakh will be available in 5 years
If you want to create a fund of 20.58 lakhs in 5 years under this scheme, then for this you will have to invest Rs 15 lakhs in 5 years. At the same time, you will get the benefit of Rs 6 lakh through interest. In this, compound interest will be available at the rate of 6.8 percent.

Know how much will be the benefit of interest?
According to the NSC calculator, if you invest only 1 lakh rupees in this scheme, then you will get Rs 138949 after 5 years through interest. Apart from this, 277899 rupees will be available on investment of 2 lakhs. 694746 rupees are available on investing 5 lakhs.

Know what is the specialty of the scheme-

  • Any citizen of India can invest in this scheme.
  • You can invest in it from any branch of the post office.
  • Hindu Undivided Families (HUFs) and trusts cannot invest in this scheme.

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