Investing in this Post Office scheme is a good idea. You can earn money back and save on taxes too.
It’s called the National Savings Certificate scheme at the Post Office. You get more money back than if you put your money in a bank for fixed deposits.
When you put your money in this scheme, you get 7.70% interest every year. You have to keep your money in the scheme for 5 years.
Putting your money here also helps you save on taxes. You can get a tax discount of up to Rs 1.50 lakh under Section 80C of Income Tax.
Normally, banks give you 7 to 7.50% interest on fixed deposits for 5 years. But with this scheme, you get even more.
You can start with just Rs 1000. There’s no maximum limit to how much you can put in. You can go to any nearby post office to open this account.
