National Savings Certificate Scheme of Post Office, you are getting 6.8% interest

The post office or post payment bank is running many small saving schemes. On investing in these schemes, you are completely safe and tax free. Also you get more interest than Fixed Deposit (FD).

Today, we are telling you about one of these schemes, the National Saving Certificate (NSC) scheme. By investing money in it, you will get 6.8% interest. This interest rate is higher than the fixed deposit (FD) of all the big banks in the country.

Let me tell you that most of the big banks in the country are giving a maximum of 5.50% interest on FD. At the same time, investing in NSC is also exempted under Section 80C of Income Tax.

6.8% interest is being earned annually on investment in Post Office National Saving Certificate (NSC). In this, the interest is calculated on an annual basis, but the amount of interest is given only after the period of investment.

To open an account of the NSC scheme in the post office, you will have to invest a minimum of 1000 rupees. This account can also be opened in the name of a minor and in the name of 3 adults. An account can also be opened under the supervision of a guardian in the name of a minor over 10 years of age. The lock-in period of NSC is 5 years old.

That is, you have to invest in it for 5 years. Under this, under Section 80C of the Income Tax Act, you can save tax on the amount up to Rs 1.5 lakh. You can invest any amount in NSC. There is no maximum investment limit.