People often like to save money so that it can be useful in their important times. The government has launched such a great saving scheme under which you can get a good return on your money.
This scheme run by the post office has been named National Savings Certificate. Under this scheme, the interest on your money is revised every quarter by the post office. Till now, interest is being given at the rate of 7.7% in this scheme.
Why is this scheme important
The National Savings Certificate Scheme of the post office is considered beneficial for people of every class. Under this scheme, any person can open a single or joint account. The interest received on this scheme is revised every quarter.
In this scheme, you get compound interest. The duration of this scheme has been kept for 5 years. In this scheme, you can invest at least 1000 rupees and there is no limit on the maximum amount.
How can you invest
If you want to invest under this scheme, then you have to go to your nearest post office and apply by filling out the form. You can start investing in this scheme by giving all the necessary documents along with the form.
If you want, you can also open more than one account, the result of which will be that you can get more money on maturity. Watch the video for more information.