National Saving Certificate: Small Savings Scheme is a very popular option to invest in the country. Recently, the central government has increased the interest rates in some schemes.
The government has increased the interest rate on National Savings Certificate (NSC) from 6.8 per cent to 7 per cent from January 1, 2023, to March 2023.
In this scheme of the post office, returns are available with a guarantee. The country’s Prime Minister, Narendra Modi, also believes in the Small Savings Scheme.
He has also invested in National Savings Certificate. In such a situation, if you also want to profit from a small saving scheme, then this post office scheme is a better option for you.
You can invest at least Rs 1000 in Post Office’s National Savings Certificate. There is no limit to the maximum investment in this.
There is no risk in the post office scheme. Most people choose bank FD for small savings, but a scheme can double your money faster than bank FD.
This is the post office’s National Savings Certificate (NSC) scheme.
National Savings Certificate (NSC)
The maturity period of NSC is five years. Now 7 per cent interest is being received on this, which is more than FD.
You can invest at least Rs 1,000 in this scheme. You can buy NSC of any amount according to your capacity.
That is, there is no limit to the maximum investment in it. Investing in this also gives tax exemption under section 80C of the Income Tax Act.
However, this exemption is available only on investments up to Rs 1.5 lakh.
An adult can purchase a Single Holder Type Certificate either in his name or in the name of his child.
Certificates of 100, 500, 1000, 5000, 10,000 or more are available in NSC.
There are three types of certificates.
Single Type: This certificate can be obtained for oneself or a minor.
Joint A Type: This type of certificate can be taken by a joint account, i.e. two investors.
Joint B Type: In this joint account, two people put money together, but on maturity, the money is given to only one investor.
