All it took for inspiration to develop a painless injection was a mosquito bite. Yes, a mosquito uses a unique method to deliver a painless bite and researchers at IIT Kharagpur wondered if they could make an injection that mimicked the mechanical action involved. While most of us think that a mosquito bite hurts, in reality, the irritation is due to chemicals in its saliva. After three years of research, IIT-Kgp, along with the Tokai University of Japan, has invented this novel injection that uses a microneedle to extract blood or deliver drug painlessly by using the same suction-based pressure that a female mosquito uses to suck blood. The diameter of the needle is just 30 micro metre. Besides others, this injection will especially benefit diabetes mellitus patients as blood tests are critical for its diagnosis and management. These patients have to check their blood gl...
What is National Savings Certificate (NSC)?
The National Savings Certificate is a fixed income investment scheme that you can open with any post office. A Government of India initiative, it is a savings bond that encourages small/average income investors to invest while saving on income tax.
Why to invest in National Savings Certificate (NSC)?
Guaranteed returns 7-8%. Contributions to the NSC up to ₹ 1.5 lakh per annum are tax free. Banks and Non-banking financial companies accept NSC as a collateral or security for secured loans. To do this, the concerned post master should put a transfer stamp to the certificate and transfer it to the bank.
What is the return expected in National Savings Certificate (NSC)?
8.0 percentage.
About National Savings Certificate (NSC)
| Criteria | Value |
|---|---|
| Interest | 7-8% (Guaranteed) |
| Rate of Return (Appx) | 8% |
| Lock-in period | 5 (Years) |
| Account Holder | All |
| Account Opening Restriction | No Limits |
| Maximum Account Opening Age | None |
| Risk Percentage | Zero |
| Place of Purchase | Post Office |
| Tax On Return | Taxable |
| Investment Mode | One Time Investment / Installments |
| Loan Against | Flat loan, EMI |
| Minimum Investment (PA) | ₹ 100 |
| Maximum Investment (PA) | No Limits |
| Tax Exemption (PA) | ₹ 1.5 lakhs |
| Premature Withdrawal | Not Available |
Pros of National Savings Certificate (NSC):
- Guaranteed returns 7-8%.
- Contributions to the NSC up to ₹ 1.5 lakh per annum are tax free.
- Minimum Investment per annum ₹ 100.
- Banks and Non-banking financial companies accept NSC as a collateral or security for secured loans. To do this, the concerned post master should put a transfer stamp to the certificate and transfer it to the bank.
- Compounding interest gives better earning.
- No TDS on NSC maturity payouts while receiving.
Cons of National Savings Certificate (NSC):
- The subscriber should pay the applicable tax on the maturity payouts.
- Premature withdrawal not allowed. Exceptional cases like the death of investor or with the court order it is possible.
- NSC returns are guaranteed, they are also low as compared to other investments like ELSS.
National Savings Certificate (NSC) Return
Invest ₹ 36000 One time. Compounded half yearly. 8% Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 5 Years | 36000 | 53289 |
| 10 Years | 36000 | 78880 |
Invest ₹ 100000 One time. Compounded half yearly. 8% Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 5 Years | 100000 | 148024 |
| 10 Years | 100000 | 219112 |
Invest ₹ 500000 One time. Compounded half yearly. 8% Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 5 Years | 500000 | 740122 |
| 10 Years | 500000 | 1095562 |
Invest ₹ 1000000 One time. Compounded half yearly. 8% Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 5 Years | 1000000 | 1480244 |
| 10 Years | 1000000 | 2191123 |
Returns on ₹ 36000,₹ 100000,₹ 500000 and ₹ 1000000 One time
| Years | ₹ 36000 | ₹ 100000 | ₹ 500000 | ₹ 1000000 |
|---|---|---|---|---|
| 5 Years | 53289 | 148024 | 740122 | 1480244 |
| 10 Years | 78880 | 219112 | 1095562 | 2191123 |
Conclusion
Now you have the understanding of National Savings Certificate (NSC). You can choose the best range of investment which will fit for you. You can leave the comments if you have any queries. Thank you so much for reading and have a great day.
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