If you want a safe way to grow your savings, the Post Office National Savings Certificate (NSC) is a great option.
This government-backed scheme is highly reliable and currently offers an annual interest rate of 7.70%, which is higher than what many banks offer on 1-year fixed deposits.
The investment matures in 5 years, and you receive the full principal amount along with compounded interest at the end.
Start Investing with Just Rs. 1,000
One of the best things about the NSC scheme is its low entry requirement.
You can start investing with as little as Rs. 1,000, and there’s no upper limit, so you can invest as much as you like.
You can even open a joint account under a single NSC, making it flexible for families.
All NSC accounts can be easily opened at any post office.
Tax Benefits Make It Even More Attractive
NSC investments are eligible for tax deductions under Section 80C, allowing you to save up to Rs. 1.50 lakh annually.
While the interest earned is taxable, TDS is not deducted, so you receive the full interest amount at maturity.
This combination of safety, good returns, and tax benefits makes NSC a smart choice for both new and seasoned investors looking to grow their money securely.
