Money here will be safer than banks, income of Rs.4625 per month against Rs. 10,000
Many people are wondering where to invest capital. It has been in the market for a long time. Its name is Post Certificate. But nowadays people do not understand in post certificate. How to invest in it? How to benefit? How to invest capital? I will give you all such information in this blog. So let’s get started.
Where to invest capital?
Those who want to invest their capital can do so at the post office. The post office is the best place to invest capital. Your money is safe in post offices. The investment you make in the post office goes directly to the Government of India. There is no bank in between so your money is safe. That is why there is no chance of losing our capital at all. The name we are talking about is National Saving Certificates Account. Also known as Post Certificates. Many are also known as 5 year National Certificates.
We are the ones who invest the money. In this scheme, passbook is issued. If you have opened an account in 2010, they will be given a passbook by calculating the interest rate till 2015.
What is the interest rate?
The central government of our country revises the interest rate every three months. At present, the interest rate is 7.5%. It is connected every year but we cannot lift it. We return this money when we issue the certificate. You must have understood that the term of this scheme is 5 years. That is, our capital is fixed in it for 5 years. And we seem to be coming to interest.
Who can open an account?
- a singal adult
- Joint A account (Maximum 3 adults)
- Joint B account (Maximum 3 adults)
- Minor above 10 years of age
- An adult on behalf of minor
- A guardian on behalf of a person of unsound mind.
The investment we make in the National Savings Certificate(NSC) is entitled to a share from Income tax under Section 80C of the IT Act.
What is the minimum investment required?
You have to invest at least Rs.1000 to get a National Savings Certificate(NSC). And maximum has no limit of any kind. It involves investing in a roundfinger. If you have opened an account in Hot, you can also certify in someone else’s name. But if you want to transfer this certificate, you can do it only once.
What are the major benefits of these NSC certificates?
The big advantage of this certificate is that banks often give loans on this certificate. Can be deposited as a fixed deposit.
How to open an account in Post office?
You have to go to the nearest post office. A NSC form should be filled out. Also keep your passport photographs with you. And photo id, Aadhaar card, PAN card, Address proof, cash/ cheque of the amount to be invested too. After giving all this evidence, you will have a NSC(National Savings Certificate) issue. And you will also be given a maturity passbook after 5 years.
How to make a proper investment in NSC(National Savings Certificate) ?
If a person saves Rs 10,000 per month, he can buy a certificate for Rs 10,000 per month. If you have bought them for Rs. 10,000 per month for 60 months So he got the first certificates in the 61st month. And the amount will be Rs.14,625. 7 of them will be your interest income. Out of that, Rs.4625 will be your interest income.
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