Post Office National Savings Certificate Scheme: Everyone wants to become a millionaire. But, it is necessary to be patient. If you invest in the right place and right way then you can become a millionaire. There are many post office schemes through which you can add a lot of money. The National Savings Certificate is also a great scheme of the post office, where once invested you can get more than one crore money in returns. The best thing is that your money will also be 100 percent safe in the post office scheme, so you can invest without risk. Explain that while investing in Post Office, the investment period of the scheme should be kept in mind.
Benefits of NSC
The National Savings Certificate Scheme has a maturity of 5 years. The special thing is that with certain conditions you can withdraw the account amount after the maturity period of 1 year. The interest rates in the National Savings Certificate are set by the government at the beginning of every quarter of the financial year. You can start investing in it from Rs 100. The scheme is currently getting 6.8 percent interest annually. Under this scheme, you can also get tax rebate of Rs 1.5 lakh annually under Section 80C of Income Tax.
Will have to invest for long term
This plan if you invest 12500 rupees every month. After 5 years, reinvest the entire amount, if you invest for 26 consecutive years in this way, then you will have more than one crore money. Similarly, if you invest 15 lakh rupees in one go, you can become a millionaire. At the rate of 6.8, after 5 years, the investment will be Rs 20.85 lakh. However, after 30 years this amount will be Rs 1.07 crore. That means there will be more than one crore rupees in your NSC account.