In this scheme post office, you will get a profit of about 5 lakhs in five years, you will also get tax exemption

It has a government guarantee, that is, the investment is completely safe and you also get good interest. This is the reason why people are once again turning to NSC in the current economic conditions.

When it comes to safe investment, where there is no fluctuation in the stock market, no risk, and at the same time there is relief in tax, then many people directly turn to the schemes of the post office. One of these schemes is the National Savings Certificate i.e. NSC, which is still as popular among the middle class and working people as it used to be earlier. The special thing is that it has a government guarantee, that is, the investment is completely safe and you also get good interest. This is the reason why people are once again turning to NSC in the current economic conditions.

This is how you will get a profit of Rs. 2.25 lakh.

National Savings Certificate (NSC) is a small savings scheme supported by the Government of India, which is run through post offices across the country. Its purpose is to motivate common people to save for the long term with small amounts. Currently, its interest rate is 7.7% per annum, which is compounded every year but the money is received only after maturity i.e. after 5 years. That is, if you have taken an NSC of 1 lakh, then after 5 years you will get around 1.45 lakh that too completely safe and without any market risk.

You will get this much profit in 5 years.

Suppose you invested 5 lakh in NSC at once and the interest rate is 7.7% per annum (as per the current rate). In this the interest is compounded every year i.e. "interest on interest" is added, but all the money is received together after 5 years. Let us understand in detail.

That is, the total profit will be = Rs 2,24,513.

In this way, you can get a profit of about 5 lakhs in 5 years

If you invest 10 lakhs instead of 5 lakhs in this scheme, then your total profit amount will be around 4 lakh 48 thousand rupees with an interest rate of 7.7 percent. There is no maximum investment limit in NSC, but tax exemption under 80C is available only up to 1.5 lakhs. The minimum investment is only 1,000, so any common man can start it. You can open it alone, take it in a joint account or even open an account in the name of your child, which is operated by the guardian.