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Post Office Scheme : This scheme saves income tax with excellent returns, but it is very important to know these rules before investing.

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Like banks, many schemes are run in put up places of work additionally. In these schemes, buyers get higher curiosity and in addition get tax exemption. One of these schemes is National Savings Certificate (NSC). This scheme matures in 5 years.

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Interest is getting 7.7 p.c

 7.7 फीसदी मिल रहा है ब्‍याज

At current 7.7 p.c curiosity is being given in NSC. Interest is calculated on an annual foundation. However, the quantity is paid to you on maturity. If you need to make investments the cash on this 5 12 months scheme, then you must perceive some rules associated to it.

Withdrawal before 5 years solely underneath these situations

5 साल से पहले सिर्फ इन स्थितियों में निकासी

If you make investments cash in NSC for five years, then you definitely can not withdraw it before 5 years. Nor can there be any partial withdrawal on this. You will get the ability of untimely withdrawal solely in particular circumstances like in case of dying of the account holder, in case of dying of 1 account holder or all of the account holders in a joint account, when a courtroom order is issued or within the technique of confiscation. , It could be encashed solely by Gazetted Officer.

If the quantity is not withdrawn even after maturity…

मैच्‍योरिटी के बाद भी रकम नहीं निकाली तो...

If NSC matures after 5 years, but you continue to don’t encash it, then it doesn’t renew mechanically. In this example, within the interval after maturity, you might be given curiosity on NSC as per regular financial savings account and that too, it could be given just for the subsequent two years.

extension rules

एक्‍सटेंशन के नियम

If you need to proceed NSC for the subsequent 5 years even after maturity, then you might have to apply once more for it. In such a state of affairs, it can be thought-about as a deposit of the brand new date and the good thing about curiosity on it can even be accessible as per the curiosity of the brand new certificates taken on that date.

How a lot are you able to make investments?

कितना कर सकते हैं निवेश

You can make investments minimal Rs 1000 in NSC and thereafter in multiples of Rs 100. There is no restrict on most funding.

Who can make investments

कौन कर सकता है निवेश

Any Indian citizen can open NSC account. NSC will also be bought within the title of the kid on behalf of his/her dad and mom or guardian, whereas a toddler above 10 years of age may purchase NSC in his/her personal title. Two to three individuals may open a joint account.

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