Post Office scheme: If you deposit 10,00,000, you will get Rs 4,49,034 interest rate
If you’re looking for a safe investment with assured and guaranteed returns, the Post Office’s National Savings Certificate (NSC) scheme could be an excellent option for you. If you invest ₹10 lakh in this scheme, you can earn up to ₹4,49,034 in interest upon maturity. This government-backed scheme is not only secure but also offers tax benefits. Let’s explore the complete details of the NSC scheme, including interest rates, tenure, and other important investment-related information.
The Post Office National Savings Certificate currently offers an annual interest rate of 7.7 percent. Based on this rate, if you invest a lump sum of ₹10,00,000 in this scheme, you will receive a return of ₹4,49,034 in interest after 5 years, at maturity. This scheme offers several advantages. It is a risk-free investment with a fixed and stable return. Moreover, you also benefit from tax savings. In short, it is a suitable instrument for a secure, long-term financial plan.
