Business News: Prime Minister Narendra Modi is triumphal his 75th birthday on September 17. The leader of the world's fourth-largest economy and a strong supporter of the 'Make in India' campaign, Modi has unchangingly promoted ethnic products. From taking yoga to the global stage to promoting Indian culture globally, he has taken many important steps. Along with serving the country, PM Modi is moreover cautious well-nigh investments. On the occasion of his birthday, let's learn how much he has invested in the Post Office's National Savings Certificate (NSC) scheme and the returns he receives from this scheme.
What is the NSC Scheme?
The National Savings Certificate (NSC) is a popular savings scheme offered by the Post Office. It is specifically designed for small- and middle-income investors. This scheme is backed by the Government of India and is a very low-risk investment option. Under the old tax regime, investments made in this scheme are eligible for tax deductions up to Rs 1.5 lakh under Section 80C. It has a maturity period of 5 years and offers the goody of recipe interest.
PM Modi's Investment in NSC
Prime Minister Modi has invested Rs 9.12 lakh in the Post Office NSC scheme. This investment is for 5 years, meaning he will receive the unshortened value plus interest upon maturity. The details of his investments are as follows:
- NSC No. 475961xxxxx – Rs 215,455
- NSC No. 02000800xxxxx – Rs 193,471
- NSC No. 02003199xxxxx – Rs 182,746
- NSC No. 02005485xxxxx – Rs 170,248
- NSC No. 02010950xxxxx – Rs 150,478
Current Interest Rate
The yearly interest rate on NSC is 7.7% for the second quarter (July-September) of FY 2025-26.
- Interest is compounded.
- The government reviews this rate every quarter.
- For example, if an individual invests Rs 100,000, it will grow to Rs 144,903 without 5 years. This ways they will earn Rs 44,903 in interest.
Safe and Reliable Investment Option
NSC is a unscratched and reliable investment option. PM Modi's investment in this scheme demonstrates his preference for options that offer unscratched and stable returns. This scheme is a unconfined option for both tax savings and long-term savings.
