NSC: If you’re a small investor looking to avoid the ups and downs of the stock market, then the National Savings Certificate (NSC) is a great option for you. When you invest in this scheme, you get guaranteed returns, making it one of the most reliable government schemes today.
What is NSC and Why is it Important?
The National Savings Certificate (NSC) scheme was launched by the government in May 1989 for small investors. This scheme is available through post offices, where you can start investing with a minimum amount of ₹1,000. The duration of this scheme is 5 years, and it offers an annual interest rate of 7.7%. The best part is, you also get tax benefits when you invest in this scheme.
How Will You Get Tax Benefits?
When you invest in the NSC scheme, you will receive tax benefits under Section 80C of the Income Tax Act. However, under the old tax regime, you only get tax benefits for investments up to ₹1.5 lakh. This means that if you invest up to ₹1.5 lakh, you will benefit from tax relief.
How Much Will You Earn in 5 Years?
Now, let’s talk about the guaranteed returns you’ll get if you invest ₹3 lakh. If you invest ₹3 lakh in a lump sum, after 5 years, you will receive ₹1,34,710 in interest. This means your total maturity amount will be ₹4,34,710.
Guaranteed Returns on ₹3 Lakh Investment:
This scheme surely gives you a good return. When you invest in it, you will earn guaranteed interest over time. This ensures steady returns and gives you a secure way to grow your money over a 5-year period. Plus, you will benefit from tax deductions, which will make your financial position even stronger.
Investment Process and Benefits:
NSC certificates are available in denominations of ₹100, ₹500, ₹1,000, ₹5,000, ₹10,000, or more. There is no maximum limit on how many certificates you can buy. The more you invest, the higher the returns you can expect. After five years, the maturity amount of your NSC scheme will be paid to you, providing a solid return.
Conclusion
In conclusion, if you’re looking for a safe and guaranteed return investment option, the National Savings Certificate (NSC) is a great scheme. Not only does it offer secure returns, but it also provides tax relief. Act quickly and take advantage of this safe investment option.
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