Post Office Best Scheme: Direct profit of 5 lakhs in 5 years! This amazing scheme of Post Office is perfect for investment..

Everyone wants his hard-earned money should be invested in a place where it is safe and also gives a strong return. So if you are also planning to invest with this thought in mind, then Post Office Saving Schemes can prove to be a great option for you. By investing in this scheme, you can create a strong fund for yourself. The Post Office scheme is run by the government. This is the reason why everyone considers the National Savings Certificate i.e. NSC of Post Office Saving Schemes as the best investment.

Yes, by investing in the National Savings Certificate i.e. NSC scheme of Post Office, you can create a good fund for yourself in just five years. By investing in this scheme, you can get the benefit of about Rs 5 lakh.

How much interest will you get in it?

National Savings Certificate i.e. NSC scheme is also famous for giving strong interest to the investors. Yes, this scheme is considered one of the most famous small savings schemes due to its returns and benefits. To invest in a National Savings Certificate, you can open an account in any post office scheme with a minimum of Rs 1,000. On investing in this Dhansu scheme, the investment is being given interest at an annual rate of about 7.7 percent.

This Dhansu interest rate available through the National Savings Certificate Scheme is offered based on compounding. In this scheme, the amount of return is transferred to the investor's account only after 5 years of investment.

Lock-in period

Let us tell you that this scheme has a lock-in period of 5 years. That is, if you open your account to invest in this savings scheme and close it after continuing it for a year, then you can only get back the investment amount made by yourself and you may miss out on getting the benefit of interest. In such a situation, by operating for five years, you can earn huge profits with returns. By the way, if you have taken NSC of 1 lakh, then after 5 years you are going to get about 1.45 lakh.

In this great scheme, you can easily open an account in the name of children as well. As per the rules of this scheme, if you are opening an account in the name of a child below 10 years of age, then the parents will operate the account.

Benefit of investing 5 lakhs
If investors deposit a lump sum of 5 lakhs in the National Savings Certificate (NSC) of the post office for 5 years, on which the current interest rate is 7.7% per annum, then you will get great benefits. In this scheme, interest gets added to your deposit amount every year and then next year you get interest on that increased amount (which is called 'interest on interest' or compounding). For example, let us assume that in the first year, ₹38,500 interest on 5 lakhs will increase the amount to ₹5,38,500. Similarly, with interest being added every year, after the completion of 5 years, your ₹5,00,000 will increase to ₹7,24,513. That is, you can get a total net profit of ₹2,24,513.

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