Post Office - This scheme of Post Office will give you bumper income, you will get interest of Rs 4,93,937 on 5 years investment

News, Digital Desk- If you want to invest your savings in a safe place where you get good returns, then Post Office Saving Schemes can be a great option. These schemes keep your money safe and also give great returns, making them a good option for investment. 

The government is running savings schemes for every age group through the post office and one of the special schemes is the National Savings Certificate (NSC). By investing in this scheme, you can get a benefit of Rs 5 lakh in just five years. Let's know about it in detail...

The scheme is offering a great interest of 7.7%-

Post Office's National Savings Certificate (NSC) scheme is a popular small savings scheme, which is known for its attractive returns and benefits. You can open it in any post office in the country with a minimum of Rs 1,000. 

It offers a compound interest rate of 7.7% per annum, which keeps your investment growing. In this, the interest amount is transferred to the account only after 5 years of investment. 

The interest rates of NSC and other post office small savings schemes are revised every three months. The special thing is that the government itself guarantees security on investment in these schemes.

Tax benefits too-

NSC account holders get strong interest as well as tax benefits under Section 80C of the Income Tax Act, which makes this Post Office Scheme even more popular. 

This is the reason why the number of investors in it is constantly increasing. By investing in National Savings Certificate, you can save tax on a maximum of Rs 1.5 lakh in a financial year by claiming tax exemption. There is no maximum limit set for investment in this, i.e. you can invest as much as you want. 

5 year lock-in period -

If you want to take full advantage of the interest offered in this government scheme, then you will have to keep your investment running till the lock-in period, only then you will be paid the full interest. 

NSC has a lock-in period of 5 years. In other words, if you open an account in this saving scheme and close it after running it for one year, then you will only be returned the amount invested by you, not a single penny of interest.

In such a situation, it is necessary to operate it for the entire five years. Apart from this, the facility of opening an account in the name of children is also provided in the NSC scheme. 

As per the rules, the account opened in the name of a child below 10 years of age is operated by his parents. You can go to the nearest post office. Apart from this, the facility of online investment is also provided in it.

Calculation of 5 lakhs in five years-

If you want to earn Rs 5 lakh in five years, then the National Savings Certificate (NSC) scheme can be a good option. It offers an interest rate of 7.7%.

If you make a lump sum investment of Rs 11 lakh, you will get Rs 15,93,937 on maturity after five years. In this way, you will get a total interest of Rs 4,93,937. You can earn even more profit by increasing the investment amount.