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Invest in this marvelous scheme of Post Office: 1 lakh will get 40 thousand interest, PM Modi has also invested 8 lakh

Since Narendra Modi became the Prime Minister of the country, he has given a lot of fame to the post office. In recent times, people have become more attracted to post office savings schemes. PM Modi himself has also invested in India Post schemes. Here you also get good returns. With that it is considered very safe. Today we are going to tell you about a scheme where if you invest 1 lakh rupees, after five years this amount will be close to 1 lakh 40 thousand.

ગુજરાતી માં ન્યૂઝ વાંચો 

Prime Minister Modi himself has invested in this scheme

National savings certificates are a one-time investment. The maturity period for the Post Office National Savings Certificate is 5 years. The scheme currently offers an interest rate of 6.8 per cent, which is compound interest and is calculated on an annual basis. However, interest is paid on maturity. In this scheme, a minimum of Rs.1000 and a multiplication of Rs.100 can be deposited. There is no maximum investment limit. You get the benefit of deduction under section 80C by investing in it. Section 80C limit is Rs 1.5 lakh.

Gets 6.8% interest rate

In terms of returns, the interest rate is now 6.8 per cent. The government reviews interest rates every quarter. Investors benefit from compounding on an annual basis. Under this, if you invest Rs.1000, after five years, your amount will be Rs.1389.49. That means interest income was Rs 389.49. Thus, for an investment of Rs 10,000, the interest income is Rs 3,890 and Rs 1 lakh will get Rs 38,949 as interest.

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