Post Office Scheme : Let us tell you that on investing on the post office scheme National Savings Certificate, you get 6.8 percent as interest. On the other hand, on making FD in the bank, you get only a maximum interest of 5.80 percent.
Since the Corona epidemic, the Reserve Bank of India has continuously reduced the interest rates on bank FDs. In such a situation, customers are not getting the return they used to get earlier on making FD.
If you want to get maximum returns by making safe investments, then we are going to tell you about a great post office scheme. By investing in it, you will get more returns than bank FD. This scheme is National Saving Certificate.
National Saving Certificate
Let us tell you that on investing on the post office scheme National Saving Certificate, you get 6.8 percent as interest. On the other hand, on making FD in the bank, you get only a maximum interest of 5.80 percent.
In such a situation, the benefit of about 1 percent higher interest rate is available on investment in National Savings Certificate. In this scheme, any person can invest up to Rs 1000 in at least one year.
If you invest in this scheme for 10 years, then you will get double your money on maturity. By investing in this scheme, you will get the benefit of exemption on investment up to 1.5 lakh under Section 80C of Income Tax.
Big things of National Saving Certificate-
- Investment in this scheme will get an interest rate of 6.8 percent.
- This interest rate is available only on annual basis and all this amount is available only on maturity.
- In this scheme, you need to invest 1000 rupees annually. There is no maximum investment limit.
- You can open both single or joint account to invest in this scheme. A maximum of three people can be included in a joint account.
- The account of children above the age of 10 years can also be opened under the supervision of the parents.
Method of withdrawing money deposited in National Savings Certificate-
If you want to withdraw money from this account in less than 10 years, then you can withdraw money after 3 years. You can also apply online for this. At the same time, you can withdraw money through offline also.
For this, you have to fill and submit the withdrawal form (601-PW). The thing to note is that if less than 1 lakh amount is deposited in the account, then you can withdraw all the money in one go.
