New Delhi:
Looking for a safe and lucrative investment option? Look no further than the Post Office National Savings Certificate (NSC), a superhit scheme offered by the government-owned postal service.
With guaranteed returns and higher interest rates compared to bank fixed deposits (FDs),
NSC is a preferred choice for many investors. Here’s everything you need to know:
What is NSC?
National Savings Certificate: Backed by the government, NSC is a secure investment option offering fixed returns.
The Finance Ministry determines the interest rate for NSC every quarter, providing investors with peace of mind.
Interest Rate:
Current Rate
The government is currently offering an attractive interest rate of 7.70% annually on NSC, making it one of the most competitive investment options in the market.
Benefits Over Bank FD:
Higher Interest
With NSC offering 7.70% interest, it outshines many banks’ tax-saving FDs, which typically offer around 7.50% interest. Investors can enjoy higher returns on their investments with NSC.
Investment Details:
Minimum Investment
Start investing in NSC with just Rs 1,000, making it accessible to investors of all budgets.
Lock-in Period
NSC comes with a lock-in period of five years, ensuring stability and consistent returns over the investment period.
How to Invest:
1) Visit Nearest Post Office: NSC can be purchased from any post office branch across India.
2) Fill NSC Application Form: Obtain the application form from the post office or online, and fill in your details including nominee information.
3) Provide Documentation: Submit your ID proof such as Aadhar card or PAN card, along with address proof.
4) Deposit Investment Amount: Deposit the desired investment amount.
5) Receive NSC Certificate: Upon completion of formalities, you’ll receive the NSC certificate, confirming your investment.
