good news! If you also have an account at the post office, you will get a full 20 lakh! Learn how to get benefit ?, You can become a millionaire in a few years with just a small savings of Rs 100. If you want to create a fund of Rs 20.58 lakh in 5 years under this scheme, you have to invest Rs 15 lakh in 5 years. At the same time, you will get a benefit of Rs 6 lakh through interest. The compound interest will be 6.8 per cent. This is good news for post office customers. If you also have an account at the post office or have invested money in a government scheme, you are going to get a big benefit.
If you have an account in the post office, you will get the full Rs 20 lakh. Today we will tell you about a special scheme of the post office, through which you can create a fund of Rs 20 lakh in just 5 years. In this scheme, you can become a millionaire in a few years with just a small savings of Rs 100. This government scheme has a National Savings Certificate. By investing in NSC, you get a guaranteed return as well as a full guarantee of safety
Benefit of Compound Interest
You can start investing in this scheme multiplied by Rs.100. The post office's NSC scheme is currently earning interest at 6.8 per cent per annum. In this scheme investors get the benefit of compound interest, which is paid on maturity. The term of this scheme is 5 years. However, at maturity it can be extended for a further 5 years.
Benefit of Taxes
- The government's scheme also provides tax benefits to consumers. If you invest in it, you get the benefit of deduction under section 80C. The limit for this section is Rs 1.5 lakh. Apart from this interest income is taxable.
The full Rs. 20.58 lakh in 5 years
- If you want to create a fund of 20.58 lakh in 5 years under this scheme, you have to invest Rs. 15 lakh in 5 years. At the same time, you will get a benefit of Rs 6 lakh through interest. It will get compound interest at 6.8 per cent.
Important Links: -Official Website: Click Here
Know how much interest will Benefit? NSC
- According to the calculator, if you invest only Rs 1 lakh in this scheme, you will get Rs 138949 with interest after 5 years. Apart from this, an investment of Rs 2 lakh will fetch Rs 277899. Rs 694746 is available on an investment of Rs 5 lakh.
Scheme Peculiarity
- Any citizen of India can invest in this scheme.
- You can invest in it from any branch of the post office.
- Hindu Undivided Families (HUFs) and trusts cannot invest in the scheme