Post Office: You will earn a guaranteed income of Rs 1.8 lakh sitting at home, do you know about this scheme of the post office?

The Post Office National Savings Certificate is a scheme fully backed by the government. This means your money will be completely safe. No matter what the market conditions are, your investment will always be protected and you will receive guaranteed returns. There's no risk involved, making it ideal for those looking to grow their capital without worry.

Under this scheme, you can open it online from the comfort of your home. You don't need to travel anywhere or go through lengthy procedures. Alternatively, you can also visit your nearest post office and open an account.

The investment period under this scheme is 5 years, with a government-mandated annual compounding interest rate of 7.7%. If you invest ₹400,000, you will receive a guaranteed interest of approximately ₹179,613 after 5 years. This means your total fund value will reach ₹579,613.

Investing in the NSC scheme also entitles you to tax deductions under Section 80C of the Income Tax Act. This means that the tax on the money you invest in this scheme is reduced. This way, not only does your capital grow, but you also save on taxes.

This scheme also offers loan options. If you wish to take a portion of your investment as a loan, you can do so. Furthermore, you also have the option to reinvest the interest earned.

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