Post Office scheme: This Post Office scheme is amazing; you can earn lakhs of rupees just from the interest..

If you want to make a safe investment without any risk, the Post Office National Savings Certificate (NSC) scheme is an excellent option. Your money is completely secure and guaranteed by the government. This is best for those who want to build a fund for the future while avoiding market fluctuations.

This scheme currently offers an annual interest rate of 7.7%. If you invest ₹10 lakh, you will receive approximately ₹14.49 lakh after 5 years. This means you will earn almost ₹4.5 lakh in interest alone. The scheme benefits from compounding interest.

The maturity period of the NSC is 5 years. You can start investing with a minimum of ₹1,000. The good news is that there is no maximum investment limit, meaning you can deposit as much as you want according to your capacity.

Investing in NSC also provides tax benefits. Under Section 80C of the Income Tax Act, you can avail of a tax deduction of up to ₹1.5 lakh annually. The interest earned each year is also considered reinvested, providing further tax relief.

Only Indian residents can open this account; NRIs and companies are not eligible. You can open it individually or as a joint account. A child over 10 years of age can open an NSC in their own name, while parents can open an account for younger children.

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