Government Scheme: An Opportunity to Accumulate Over 70 Lakh Rupees in Just 5 Years

Investing in the National Savings Certificate (NSC) for a period of five years can help you earn a significant amount.

The scheme offers an annual interest rate of 7.7%. Here’s a breakdown of the amount you can expect to receive on investments ranging from Rs 1 lakh to Rs 50 lakh:

1. Investment of Rs 1 lakh:
   • Interest earned: Rs 44,903
   • Total corpus after five years: Rs 1.44 lakh
2. Investment of Rs 5 lakh:
   • Interest earned: Rs 2.24 lakh
   • Total corpus after five years: Rs 7.24 lakh
3. Investment of Rs 10 lakh:
   • Interest earned: Rs 4.49 lakh
   • Total corpus after five years: Rs 14.49 lakh
4. Investment of Rs 20 lakh:
   • Interest earned: Rs 8.98 lakh
   • Total corpus after five years: Rs 28.98 lakh
5. Investment of Rs 30 lakh:
   • Interest earned: Rs 13.47 lakh
   • Total corpus after five years: Rs 43.47 lakh
6. Investment of Rs 40 lakh:
   • Interest earned: Rs 17.96 lakh
   • Total corpus after five years: Rs 57.96 lakh
7. Investment of Rs 50 lakh:
   • Interest earned: Rs 22.45 lakh
   • Total corpus after five years: Rs 72.45 lakh

It’s important to note that the NSC offers tax benefits as well, with a tax exemption of up to Rs 1.5 lakh per year under Section 80C of the Income Tax Act.