If you are looking for safe investment options, several post office schemes provide attractive returns of over 7% per year.
For example:
Public Provident Fund (PPF): 7.1% per annum
National Savings Certificate (NSC): 7.7% per annum
These schemes are ideal for low- and middle-income investors who want guaranteed returns with minimal risk.
About the National Savings Certificate (NSC)
The NSC scheme can be opened at any post office in India.
Key features include:
Interest rate: 7.7% per annum
Lock-in period: 5 years
Minimum investment: ₹1,000 (no maximum limit)
Tax benefits: Investments are deductible up to ₹1.5 lakh under Section 80C
TDS: Exempt
NSC is designed to provide a safe and tax-efficient investment option with assured returns.
Additional Benefits of NSC
NSC certificates are not just for saving—they also offer financial flexibility:
Can be used as collateral for loans from banks and NBFCs
Nomination facility: You can nominate a family member, including a minor, to receive benefits in case of death
Can be transferred between post office branches or to another person
At maturity (after 5 years), the full investment along with accrued interest is paid to the investor, making NSC a reliable long-term savings option.
