Post Office Saving Scheme: Good news! You can get Rs 20 lakh in just 5 years in this scheme, know scheme details

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LIC Superhit Scheme : This scheme of LIC will make you a millionaire! A fund of Rs 40 lakh will be created, save Rs 195 daily
LIC Superhit Scheme : This scheme of LIC will make you a millionaire! A fund of Rs 40 lakh will be created, save Rs 195 daily
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Post Office Scheme: If you are also dreaming of becoming a millionaire in some time, then you can create a fund of 20 lakh rupees in just 5 years by investing money in the National Savings Scheme of the Post Office.


Post Office Saving Scheme: If you are also dreaming of becoming a millionaire in some time, then this is the news of your benefit. Many types of government schemes are run by the post office to keep the money of the general public safe. Today we will tell you about such a special scheme of the post office, through which you can create a fund of 20 lakh rupees in just 5 years.

In this scheme, you can become a millionaire in a few years with just a small saving of Rs 100. This government scheme has a National Savings Certificate. By investing in NSC, you get guaranteed returns as well as complete guarantee of safety. Let us tell you how you can make a corpus of 20 lakh rupees in 5 years-

The benefit of interest is available at the rate of 6.8 percent

You can start investing in multiples in this scheme from Rs 100. The NSC scheme of the post office is currently getting interest at the rate of 6.8 percent per annum. In this scheme, investors get the benefit of compound interest, which is paid on maturity. The tenure of this scheme is 5 years. However, on maturity, it can be extended for another 5 years.

Will get tax benefits

In this scheme of the government, customers also get the facility of tax benefits. On investing in it, you get the benefit of deduction under section 80C. The limit for this section is Rs 1.5 lakh. Apart from this, income from interest is taxable. So the investor can include his interest income in the return.

Full Rs 20.58 lakh will be available in 5 years


If you want to create a fund of 20.58 lakhs in 5 years under this scheme, then for this you will have to invest Rs 15 lakhs in 5 years. At the same time, you will get the benefit of Rs 6 lakh through interest. In this, compound interest will be available at the rate of 6.8 percent.

How much will be the benefit of interest after 5 years?

According to the NSC calculator, if you invest only 1 lakh rupees in this scheme, then you will get Rs 138949 after 5 years through interest. Apart from this, 277899 rupees will be available on investment of 2 lakhs. 694746 rupees are available on investing 5 lakhs.

Some highlights of the scheme

  • Any citizen of India can invest in this scheme.
  • You can invest in it from any branch of the post office.
  • Hindu Undivided Families (HUFs) and trusts cannot invest in this scheme.
  • Apart from this, Non-Resident Indians (NRIs) are also included in NSC.

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