Skip to main content

How to get Rs 20 lakh after 5 years from Post Office Scheme?

How to get Rs 20 lakh after 5 years from Post Office Scheme?


Post office schemes are one of the best options if you are looking for a safe and secure investment option. In many ways, Post Office offers many beneficial schemes to its customers and provide more benefits than banks. Small savings of as little as Rs 100 a month can bring you lakhs in some years.

India Post scheme offers big money in a time of few years. As the Post office is under full control of the Govt., you don't need to worry as your money is completely safe in the post office. You can invest your money in it without any hassles and make your family’s future safe.

Benefits of National Saving Certificate

Post Office Scheme NSC - The National Savings Certificate scheme maturity period is fixed for 5 years. Though, you can withdraw money from your account after 1 year with some conditions laid down. The interest rates are set by the government at the start of every quarter (3 Months) of the financial year.

What is the interest rate?

The Post office scheme offers 6.8 per cent interest per year and tax exemption of 1.5 lakh rupees every     year is provided under Section 80C of Income Tax.

If you want Rs 20.85 lakh after 5 years at an interest rate of 6.8% per annum, then you need to make an investment of Rs 15 lakh over 5 years and you will get a profit of about Rs 6 lakh as interest.

Recent Posts

Popular posts from this blog

Nagarhole National Park Safari Booking Online

Nagarhole National Park Safari Booking Online There is good news for all wildlife enthusiasts and tourists who were appealing to the forest department to introduce online ticket booking system for safari in the Nagarahole national park. All wildlife enthusiasts and tourists wishing and requesting the forest department to begin online ticket booking system for safari in the Nagarahole national park would be happy to know that Nagarhole safari booking online is now active and fully operational. Nagarhole Safari Ticket Booking has been started to bring in more transparency as well as facilitating tourists to plan and book tickets for their safari in advance. It was a demand from the people at large, mostly from Bengaluru, Karnataka and neighbouring states like Kerala and Tamil Nadu who quite often visit the Nagarhole national park to start the online ticket booking system. Nagarhole National Park  Nagarahole (or Nagarhole) name is derived from a windy river named Nagara Ho

Calangute Panchayat House Tax Payment

Calangute Panchayat House Tax Payment MAPUSA: The Calangute Panchayat launched its website www.calangutepanchayat.com for providing online services to the people of the village. Calangute Panchayat was launched by MLA Michael Lobo in presence of Sarpanch Anthony Menezes, Panchas and HDFC bank officials. With www.calangutepanchayat.com , citizens of Calangute can now download different forms, track stray cattle and garbage collection along with making online payments such as pay house tax Calangute . Sarpanch Anthony Menezes said that now people can pay Calangute house tax online even if they are outside India. All forms that are needed can be downloaded from the official website of Calangute Panchayat and submitted. Manezes also informed “Mini chips will be inserted in cattle's body so that they can be tracked easily. The cattle registration with its owner details would be done with the Calangute panchayat . Thus owners could track their cattle and people can also identify a

IGL Bill Payment Online, IGL Bill Pay Online

How to Pay IGL Bill Online, How to Pay Indraprastha Gas Bill Online Steps for IGL Payment Online for Customers not registered with IGL Visit the IGL Online Official Website - http://www.iglonline.net/english/Default.aspx On the right of the screen, Under Customer Zone->PNG User->Click on Insta Payment A new window opens where you can Pay IGL Bill Online/Security Deposit Enter your BP Number and click Get Details Your First Name, Last Name, CA Number, Amount Before Due Date, Due Date, Amount After Due Date and Amount to be paid is displayed Click on Pay button Indraprastha Gas Ltd Payment Amount would be displayed. Pay IGL Bill Online by Credit Card, Debit Card, Debit Card + ATM PIN, Internet Banking, Wallet/ Cash Cards, MasterPass, BharatQR. That's it. You have just completed the steps for IGL Bill Payment Online . Register as IGL Customer Visit the IGL Online Official Website -  http://www.iglonline.net/english/Default.aspx On the right of the screen, U