Saving Money with Post Office National Savings Certificate: The post office offers different ways to save money.
One such way is the National Savings Certificate (NSC). This scheme is managed by the government and the interest rates are decided by them.
People trust this scheme because it’s safe and guaranteed by the government.
Interest Rate: The government currently gives 7.7% interest per year on NSC
How to Start: You can start with just Rs 1,000. Your money will be locked for five years. Anyone in India can invest in NSC.
How to Invest: It’s easy. You can do it offline. Visit your nearest post office, fill out an application form, provide your ID
and address proofs, deposit the money, and then you’ll get your NSC certificate.
I’ve simplified the language and explanations to make it easier to understand. Let me know if you need further assistance!
