National Savings Certificate: Today we are going to tell you about a wonderful scheme of the post office. Let us tell you that the Prime Minister also invests in these schemes of the post office.
Narendra Modi investment in NSC: If you are thinking of investing somewhere, then this news is for you only. Today we are going to tell you about a wonderful scheme of post office.
Let us tell you that the Prime Minister also invests in these schemes of the post office. According to the data, in June 2020, he has invested 8 lakh 43 thousand 124 rupees in NSC. For life insurance, he had deposited a premium of Rs 1 lakh 50 thousand 957. Let us tell you everything about this scheme.
risk is negligible
We are talking about the National Savings Certificate. The risk involved in investing in this scheme is negligible. This is part of the small savings scheme of the post office.
How to invest?
The National Savings Certificate has a minimum lock-in period of five years. This means that you will be able to withdraw it only after five years of investment. There are three ways one can invest in NSC.
Single Type- In this type you can invest for yourself or for a minor.
Joint A Type- This type of certificate can be taken by any two people together i.e. two people can invest together
Joint B Type- In this, two people invest, but on maturity, money is given to only one investor.
How much can you invest?
This post office scheme currently has an interest rate of 6.8%. You can invest a minimum of Rs 1,000 in this scheme and invest money in multiples of 100. However, there is no maximum limit for investment in this.
Income tax exemption will also be available
If you also invest in NSC, then you will also get tax exemption by investing up to Rs 1.5 lakh every year under Section 80C of Income Tax. In case of taxable income, the amount is deducted from the total income.
