Earning 5 lakhs from NSC scheme is very easy! This guaranteed plan of post office will change your luck!

Are you also looking for an investment plan where your money is not only safe, but you also get a good amount? If yes, then the ‘National Savings letter (NSC)’ scheme of the post office can prove to be perfect for you. This is a very reliable scheme supported by the Government of India, where your money not only increases with a guarantee, but also helps in saving tax. Let’s know how you can easily earn up to ₹ 5 lakh from it!

What is the National Savings letter (NSC)?
National Savings Certificate – NSC is a kind of government savings bond, which you can buy from any post office of the country or also from some banks. This is a fixed-investment investment scheme, that is, you get a fixed interest in it and there is no risk of drowning money. This is very good for those who want guaranteed returns with low risk.

How to plan to earn ₹ 5 lakh?
The Maturity Period is 5 years old and the government announces interest rates every quarter on it. The current interest rate (can change from time to time, now about 7.7% annual), if you almost today ₹ 3.47 lakhs If you invest in NSC, then after 5 years you closer to maturity ₹ 5 lakhs Will meet. Isn’t it amazing? In this, Compounding Interest is available on your money, which increases your amount rapidly.

The main advantages of NSC – not just ₹ 5 lakh, something is special!

1. Government Guarantee: This is a completely government scheme, so your money is 100% safe. Risk is zero!

2. Fixed returns: You already know how much money you are going to get on maturity, so that you can make your financial plan well.

3. Tax exemption (80C): Investment made in NSC is eligible for tax exemption under Section 80C of the Income Tax Act. You can save tax on investment of up to ₹ 1.5 lakh in a financial year. However, the entire amount on maturity is under tax.

4. Flexible Investment: You can invest in any large amount (in multiples of ₹ 100) from at least ₹ 100 to your wish.

5. Nomination facility: You can also make someone a nominee, so that if something happens unfortunately, the nominee can get money.

6. Benefits of Loan: NSC can also be used as security (mortgage) for loans in many banks.

Who can invest?
Any Indian citizen can invest in NSC. You can buy in your name, as a joint account or also by a child’s name.