National Saving Certificate: If you invest, you can create a substantial corpus by investing in this scheme. Because the Government of India offers a variety of small savings schemes to meet the investment needs of every section of the society.
One such scheme is the National Savings Certificate (NSC), which can fetch you good returns while giving you the benefit of tax savings. This scheme can be bought from any post office across the country.
The government has recently increased the interest rate on NSC from 6.8% to 7% till December 2022. So, if you want to invest your hard earned money in a scheme that gives strong returns, then NSC can be a good option for you. ,
Apart from attractive returns, NSC also offers tax saving benefits. With March at the end of financial year 2022-23, this is the last chance to plan your tax-saving investments. Under Section 80C of the Income Tax Act, investors can avail tax exemption of up to Rs 1.5 lakh by investing in NSC.
Start investing from Rs 1,000
You can start investing in NSC with just Rs 1,000 and there is no maximum investment limit in this scheme. People prefer NSC over Fixed Deposit as it offers better returns. The maturity period of this scheme is 5 years, and you can buy a certificate at any post office for an amount above Rs 1,000.
There are 3 investment options in NSC
NSC offers three types of investment options: Single, Joint and Joint with survivorship. Single refers to one person investing in the investment scheme, while two investors can jointly invest in the scheme. In joint with survivorship option, two people invest together, but only one person receives the maturity amount.
