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Investment Planning: Invest in this government scheme, these benefits will be available with better interest rate, tax exemption, know details

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Investment Planning: Invest in this government scheme, these benefits will be available with better interest rate, tax exemption, know details

Post office National Savings Certificate: If you also want to make double money by starting investment with less money, then make necessary investment in the NSC scheme of the post office. Currently, 6.8 percent interest is being given on investment in NSC.


Post office National Savings Certificate: If you want to get a good return by investing, then this scheme is very beneficial for you. Here we have brought you the best post office money making scheme. You will get many benefits by investing in this scheme. Its name is National Savings Certificates, in which if you invest 1000 rupees then you get 1389.49 rupees with return. Let us know about these benefits including tax exemption available in this scheme.

This is a small savings scheme of the Government of India, in which you can also invest money. Currently, 6.8 percent interest is being given on investment in NSC. This investment scheme has a lock-in of five years. You get guaranteed returns in this. Not only this, you can also take advantage of Income Tax exemption on investment in National Savings Certificates. The interest rate at the time of investment in NSC remains the same for the entire maturity period.

Minimum investment of Rs 1000

One can start investing in National Savings Certificates with a minimum of Rs 1000. However, there is no maximum limit for investment. In this, interest is not paid to the investor every year, but it gets accumulated. In this you can invest any amount in the multiple of 100.

Income tax exemption

Investments in NSC (National Savings Certificates) can avail tax exemption of up to Rs 1.5 lakh every year under section 80C of Income Tax. In case of taxable income, the amount is deducted from the total income. In case of income tax, the interest earned on NSC annually is treated as reinvestment by the investor and he becomes eligible for tax deduction under section 80C within the aggregate limit of 1.5 lakhs.

Loan can be taken on the basis of NSC

If you have invested in NSC then the amount cannot be reinvested in the fifth year of maturity or in the last year. In the final year, the interest amount received from NSC (National Savings Certificates) is added to the income of the certificate holder and tax is applicable accordingly. You can take loan on the basis of NSC.

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