Post office high interest scheme: Post Office offers many types of schemes. Among these, Senior Citizen and Sukanya Samriddhi Scheme are quite famous. Because it gives more than 8 percent return. But apart from these two, there is also a scheme in which you get almost 8 percent return. In this scheme, you are offered 7.7 percent interest rate. Let’s know about it in detail.
Post office high interest scheme: A better portfolio is the one that includes both safe and unsecured investments. Post Office has been popular for centuries for safe investment. In this, you get guaranteed return. Which means that there is no risk of money sinking.
Although two schemes of Post Office are known for their better returns. But apart from Senior Citizen and Sukanya Samriddhi, there is also a scheme in which you get up to 8 percent return. We are talking about National Saving Certificate. It is also called NSC. Its lock in period is 5 years. Which means that you have to invest money in it for 5 years. Basic information related to National Saving Certificate
By investing in this scheme, you can also take advantage of section 80C. The minimum investment amount in this is Rs 1000. There is no maximum limit for investment in this. On the other hand, three people can invest in NSC by opening a joint account together. Apart from this, an account can be opened in the name of a 10-year-old child.
It cannot be closed in the middle of 5 years. Under NSC, the account can be closed only if the investor dies.
How to prepare a fund of Rs 7 lakh
There are very few such schemes of the post office, in which there is no limit on the maximum amount. Its tenure is also 5 years. Let us know how you can raise a fund of up to Rs 7 lakh by investing in this scheme.
Profit from NSC only
- Investment amount- 4,90,000
- Return- 7.7%
- Investment period- 5 years
- Maturity amount- Rs 7,10,027
Calculation- If an investor invests Rs 4,90,000 in NSC scheme. So according to 7.7 percent interest rate, he will get Rs 7,10,027 as maturity fund after 5 years. At the same time, your total return will be around 50 percent. The return from NSC after investing for 5 years will be Rs 2,20,027.
In this way, the more you increase the investment amount, the more the return you get will also increase.
How to get more return?
Return from NSC + Mutual Fund
If you want maximum return in the investment amount, then diversify the investment amount. If you invest even one lakh rupees in mutual funds from an investment amount of Rs 4,90,000, then you get a good return. Invest the remaining Rs 3,90,000 in NSC scheme.
Understand with an example
- Investment amount- Rs 4,90,000 (Rs 1,0000- Mutual Fund, Rs 3,90,000- NSC Scheme)
- Return- Mutual Fund- 12% (estimated) + NSC- 7.7% (guaranteed)
- Investment period- 5 years in both
- Maturity- Rs 1,240,959 (NSC- Rs 5,65,123 + Mutual Fund- Rs 6,75,836)
If you have a total amount of Rs 4,90,000 for investment. Out of this, if Rs 3,90,000 is invested in NSC scheme, then after 5 years you will get Rs 5,65,123 on maturity.
Apart from this, the Rs 1 lakh you have invested in mutual funds, after 5 years you will get Rs 6,75,836 on maturity. This has been calculated on the basis of an estimated return of 12 percent. This return depends on the fluctuations of the market. Apart from this, we have calculated Rs 1 lakh by breaking it into monthly investment of Rs 8333.
