7.7% interest in Post Office National Savings Certificates Scheme: You will also get the benefit of tax exemption on investment in this, know the special things related to it.

The government has not changed the interest rates on small savings schemes for October-December (Q3FY26). That means you will continue to get the same interest as before. In such a situation, if you want to save tax and get more return on your investment than Fixed Deposit i.e. FD, then you can invest money in the National Savings Certificates (NSC) Scheme of the Post Office.

7.7% interest is being given in this scheme. You will have to invest a minimum of Rs 1000 in this post office scheme. You can invest any amount in NSC. There is no maximum limit on investment in this. The lock in period of NSC is 5 years.

We are telling you about this scheme…

You get the benefit of tax exemption in this Whatever money you invest in National Savings Certificate, you can claim tax exemption on it under Section 80C of the Income Tax Act. You can avail tax exemption by investing a maximum of Rs 1.5 lakh in NSC in a financial year.

There is a lock in period of 5 years in this If you want to withdraw your investment then you will have to wait for 5 years. There is a lock in period of 5 years in this. That means you will not be able to withdraw your money before 5 years.

Any Indian citizen can invest in this To invest in this scheme, it is necessary to be a resident citizen of India. Apart from this, 3 people together can also open a joint account. This account can be opened by going to any post office.

Keep these things in mind before investing in it

• If you want to withdraw the interest received on it intermittently during the maturity period, then you will not be able to do so by investing in this scheme.
• There is a lock-in period of 5 years in this, that is, you will not be able to withdraw money for 60 months. That is why this scheme is not suitable for those who want to invest for 1-2 years.

SBI is giving 6.05% interest on 5 year FD The country’s largest bank SBI is currently offering 6.50% annual interest on 5 year FD, which is less than the interest available in NSC. At the same time, Punjab National Bank is also giving 6.50% annual interest on 5 year FD.

Benefit of tax exemption is also available on 5 year FD Under Section 80C of the Income Tax Act, you can claim a deduction of Rs 1.5 lakh from your total income. Understand it in simple language, you can reduce up to Rs 1.5 lakh from your total taxable income through Section 80C. However, for this you will have to choose the old regime while filing income tax return.

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