Post Office Scheme: Secure Your Child’s Future with Over ₹11 Lakh Return in 5 Years – This NSC Plan Can Make You Feel Like Royalty
The National Savings Certificate (NSC), offered by India Post, is one of the most popular investment schemes in the country. It provides guaranteed returns and a safe investment option backed by the Government of India. Currently, the annual interest rate for NSC is set at 7.7%.
Any Indian citizen can purchase an NSC certificate from any post office with a minimum investment of ₹1,000. There is no upper limit on the investment amount. The scheme has a lock-in period of 5 years. Interest is calculated annually but paid out in full upon maturity.
NSC accounts can be opened as single or joint (up to three individuals), and even for minors under the guardianship of a parent or legal guardian. Once the minor turns 18, they can submit fresh KYC documents and open a new account in their own name.
Accounts can be opened either by visiting a post office directly or online through net banking. To open an NSC account online, one must first have a savings account with the post office.
For example, a one-time investment of ₹25 lakh in NSC will yield a total maturity amount of ₹36,47,582 after 5 years. This includes ₹11,47,582 as interest earnings.
Key Benefits of NSC:
- Can be used as collateral for loans
- Eligible for tax deduction under Section 80C of the Income Tax Act
- Guaranteed returns as a government-backed scheme
- Fixed interest rate
- Risk-free investment
This scheme is ideal for long-term financial planning, especially for securing your child’s future or building a safe investment portfolio.
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