Invest Rs 100 in this Post Office Scheme and get lakhs of rupees after 5 years; Check how

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People always want to earn money. They find different sources to get more money. Some of them even look for investment options. There are several private companies in which money can be invested. However, there are different government agencies that provide safe and secure investment options. One among them is the Post Office.

There are several post office schemes which offer many benefits to the people. The post office schemes are so beneficial that small savings to the tune of just Rs 100 a month can make you a millionaire in some years.

National Saving Certificate

The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. It is a saving bond that encourages subscribers – mainly small to mid-income investors – to invest while saving on income tax. Therefore, you can invest your money in it without any risk and secure your and your family’s future.

Benefit of National Saving Certificate

The National Savings Certificate scheme has a maturity period of 5 years. However, you can withdraw money from your account after 1 year in case of emergency. But, you will have certain conditions. The government has sent the interest rates at the beginning of every quarter (3 Months) of the financial year.

Interest rate of post office National Saving Certificate

According to a report of dnaindia.com, you can get a 6.8 per cent interest annually in post office National Saving Certificate. Besides, you can get tax exemption of 1.5 lakh rupees annually under Section 80C of Income Tax.

How much should you invest in post office National Saving Certificate?

You can invest as little as Rs 100 monthly. However, if you invest Rs 15 lakh over 5 years, you can get Rs 20.85 lakh at an interest rate of 6.8.

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