There are many schemes of the office. By investing in these schemes you get safe returns. By investing in Post Office Small Savings Scheme, you can get more returns in less investment.
At the same time, there is no concern about safety in this scheme. The government guarantees the returns of the scheme. In the Post Office’s National Savings Certificate Scheme, you can earn lakhs of rupees only from interest.
The National Savings Certificate Scheme of the Post Office gives good returns. Currently the interest rate of 7.7 percent is available in this scheme. This interest rate changes every three months. Compound interest is also available in this scheme. This money is transferred at the time of maturity. Therefore it is beneficial to invest in this scheme. The lock-in period of this scheme is 5 years. You will have to invest till then.
You can invest in NSC scheme from Rs 1000. You can invest any amount of money. The higher the investment, the higher will be the return on it. In this scheme, you can also open an account in the name of children. Parents can operate this account. In this scheme, the interest amount is transferred to your account after 5 years.
Under the Post Office NSC Scheme, you can open an account by going to the post office. You also get tax benefits in this scheme. There is no tax on Rs 1.5 lakh.
You will get Rs 5 lakh from interest
If you invest Rs 5 lakh in this post office scheme, you will get interest worth lakhs of rupees. You will get 7.7 percent interest rate for 5 years. After maturity you will get a total of Rs 7,24,517. You can earn Rs 2,24,517 just from interest. Therefore this scheme gives only benefits. If you invest Rs 11 lakh in this scheme, you will get only Rs 4,93,937 as interest. That means you will get around Rs 5 lakh. The more amount you invest, the more returns you will get.