Post Office National Savings Certificates (NSCs): Mostly it happens that people think a lot to invest their savings in the right place. If you have an investment plan in your mind, then the post office scheme can prove to be a great option for you. Let us tell you that schemes are being run by the post office for people of every age group. One of these is the NSC scheme. In this scheme, investors are getting interest at the rate of 7 percent. Along with this, investors also get tax benefits. Let us understand about it in detail.
Let us tell you that the NSC scheme is a very popular scheme. The number of people in this scheme is increasing day by day. Talking about the interest received in this, investors get interest at the rate of 7.7 percent. Along with this, compound interest is also received. In this, the investment amount comes into the account after 5 years.
For how many years will you have to invest
Let us tell you that you get the full benefit of the interest given in this scheme. In this post office scheme, investors have to remain active till the lock in period. Investment in this scheme has to be made for only 5 years. If you open an account in this scheme, then you can close it after 1 year. In this scheme, only the amount invested by you is returned.
Tax benefit is available
You can easily invest in NSC scheme. In this, investors get interest at the rate of 7.7 percent. There are other benefits of investing in this scheme, such as in this scheme, tax benefit is available on the investment amount under section 80C. By investing in NSC, you get tax benefit of up to Rs 1.5 lakh.
Know how to open an account
The special thing about this scheme is that you can also open an account of your children in it. Under the rules of the scheme, an account can be opened in the name of a child below 10 years of age. Under this scheme, you can invest only Rs 1 thousand. Along with this, you can open an account by going to the nearest post office. Online facility is also provided for opening the account