Bank FD vs Post Office NSC, this post office scheme giving more interest than bank FD, tax savings will also be benefited
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Getting so much interest on NSC
After the increase from the government, now the National Savings Certificate (NSC), the popular savings scheme of the Post Office, is getting an annual interest of 7.7 percent. It is higher than bank FD. There are many other benefits of investing in Post Office’s National Savings Certificate ie NSC. The central government issues NSC through the post office. It is very safe to invest in it. It is as safe as a bank FD.
These benefits are available on investing
Investing in National Savings Certificate (NSC) offers many benefits. This scheme can be started with a minimum investment of one thousand rupees. The lock-in period in this scheme is five years. It is completely safe to invest in the scheme. There is no risk of sinking money in this. Once you invest in NSC, you can withdraw the money only after five years. There is no option to withdraw the invested amount before maturity.
start with 1000
Investment in NSC can be started with a minimum of one thousand rupees. Banks also provide loan facility on NSC. You can easily take a loan by mortgaging it in the bank. In this, you also get the benefit of tax exemption. You get exemption under Section 80C of Income Tax for investing up to Rs 1.5 lakh in NSC in a financial year.
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