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Post Office Small Saving Scheme: Small savings schemes are considered as a safe investment option. By investing a good amount in this, a good amount can be made in five years or longer. Under the small savings scheme, schemes like Public Provident Fund, NSC, Sukanya Samriddhi Yojana and Senior Citizen Saving Scheme are included. Let us know how much amount you can deposit by investing in NSC.
If you can invest in National Savings Certificate for five years. On this maturity, you can get an annual interest of 7.7%. There is no investment limit in this, you can invest as much amount as you want. Here the complete calculation of how much amount you will get in five years on investment ranging from Rs 1 lakh to Rs 50 lakh has been given.
Tax benefits are also available
This scheme is run by the government. People investing in it get guaranteed returns. Along with this, the benefit of many other facilities is also given. Tax is saved in this. Under this, up to Rs 1.5 lakh can be saved annually. This exemption is given under section 80C of the Income Tax Department.
How much amount will be received on investment of 1 lakh to 50 lakh?
- If you invest Rs 1 lakh, you will get Rs 44,903 interest and total corpus of Rs 1.44 lakh in five years.
- On an investment of Rs 5 lakh, interest of Rs 2.24 lakh will be received in five years and the total amount will be Rs 7.24 lakh.
- If you invest Rs 10 lakh, you will get Rs 4.49 lakh in interest and Rs 14.49 lakh in total corpus in five years.
- On investing Rs 20 lakh, the total interest will be Rs 8.98 lakh and after maturity the total amount will be Rs 28.98 lakh.
- After five years, interest of Rs 13.47 lakh will be given on an investment of Rs 30 lakh and the total amount after maturity will be Rs 43.47 lakh.
- If Rs 40 lakh is invested for five years, then the total corpus will be Rs 57.96 lakh, in which the interest will be Rs 17.96 lakh.
- On investing Rs 50 lakh, the amount will be Rs 72.45 lakh on maturity, in which the total interest will be Rs 22.45 lakh.
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