Get tremendous returns by saving tax on National Saving Certificate, know how to invest
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If you want to get better returns and tax exemption by investing your hard-earned money in a safe place, then this news is useful for you. You can invest your money in the Post Office’s Small Savings Scheme National Savings Certificate.
National Savings Certificate i.e. NSC Scheme is a long term investment plan, in which money was fixed for five years. In this, along with excellent returns, the Central Government gives tax exemption of Rs 1.50 lakh to the investor under Section 80C of Income Tax.
NSC is a safe investment, as it is managed by the Government of India. The investor gets a complete certificate, which assures him of the security of his investment.
The special thing about this scheme is that the government gives the benefit of compounding interest of 7.7 percent on the deposited amount. In this scheme, you can invest any amount in multiples of one thousand rupees and maximum 100.
If a person invests Rs 10 lakh in National Savings Certificate for five years, then on maturity the investor gets a fund of Rs 14.49 lakh. This means that Rs 4.49 lakh will be received as interest.
Apart from this, there are many such schemes in the post office in which you can invest and get better returns. Sukanya Samriddhi Yojana, Public Provident Fund, Kisan Vikas Patra, Recurring Deposit Scheme, Senior Citizen Saving Scheme etc. In this also investors get better returns.
Post office investment schemes are run by the central government and provide investors with safe and good interest rates. Depending on your financial goals and requirements you can choose any of these plans.
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