Post Office: opportunity to make millions of rupees with a small investment of 100 rupees, know which is the best scheme
new Delhi. People consider it safe to invest in most schemes of the Post Office. Because it increases money with a guarantee. Also, there is no risk of money sinking in the investment. The good thing is that there are many schemes with small savings in the post office, which can benefit millions on investment. One of these is the National Savings Certificate. In this, you can open an account with 100 rupees.
In the National Savings Certificate, you will get 6.8% annual return. Its maturity period is 5 years, but you can extend it 5 times for five years. By doing such an investment (investment) for a long time, your small deposits can turn into millions. Under this scheme you can invest from 100, 500, 1000, 5000 and 10 thousand rupees. However, there is no maximum limit, so you can invest even more if you want. Many people deposit a lump sum after retirement. This gives them good returns.
If a person has invested Rs 15 lakh in this scheme, then he will be charged 6.8% for 5 years. In this sense, he will get 20.85 lakh rupees on maturity i.e. he will get an advantage of about 6 lakh rupees. If you keep on advancing this scheme then you can become a millionaire. NSC can be purchased from any Indian Post Office. However, the interest rate on this varies on the direction of the Finance Ministry. Another feature of this scheme is that it also gets tax exemption on annual investment up to Rs 1.5 lakh. NSC is accepted as collateral or security for loans by all banks and NBFC.