Post Office Scheme – Double money in 5 years in this Post Office Scheme, last chance this month.
The Indian Postal Department has launched a post office scheme to double returns within five years. which we all Bengalis know as the post office. All investors in our country choose the post office first to deposit their life savings. Today we are going to discuss NSC – National Savings Certificate Scheme. This scheme is one of the schemes of the Post Office.
The post office was established on October 1, 1854, 168 years ago. Since independence in 1947, various post office schemes have been developed for all classes of citizens in the country. However, in 2023, the Post Office has come up with a scheme that offers double returns of up to 7% on investments deposited over 5 years.
Post Office Scheme (NSC) Application Eligibility:-
- 1) Any Indian can enroll himself in this scheme.
- 2. This account can be opened by any person individually or jointly.
- 3) A maximum of 3 people can open this account.
- 4. Any person over the age of 10 can open this account in his own name.
- 5. Currently, this scheme offers a return of 7%. However, this interest rate may change from time to time.
How much money can be deposited in Post Office Scheme (NSC):-
- 1) You can invest from Rs. 1000/-
- 2) You can deposit as much money as you want on it.
- 3. A person can open multiple accounts.
- 4. The amount received at the time of return of this scheme falls under Act 80C of the Income Tax Department and is therefore exempt from income tax.
Some more information about the Post Office Scheme (NSC) scheme:-
1) This scheme can only be terminated after 5 years.
2. Death of the sole or joint account holder will result in the closure of the account.
3) Accounts cannot be closed before 5 years without this reason.
How much money can be refunded under the Post Office Scheme (NSC) scheme:-
1) As per the Central Government notification dated 1st January 2023, the current interest rate is 7%.
2) A deposit of Rs. 1 lakh will give a return of Rs. 2,40,255 after 5 years.
3) As such, the more money you save, the higher the return.
4. You can open this account by visiting any post office near you.
5. For more detailed information you can visit this website www.indiapost.gov.in.
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