NSC Calculator
About the NSC Calculator
The National Savings Certificate (NSC) is a government-backed, fixed-income scheme with a 5-year term. Interest compounds annually and is paid with the principal at maturity, making it a safe, predictable option that also offers a tax deduction.
Enter your investment and the NSC rate, and this calculator shows the maturity value and the interest earned over 5 years.
Frequently asked questions
How is NSC maturity calculated?
Maturity = Principal × (1 + rate ÷ 100) ^ years. NSC compounds annually for its 5-year term, and the whole amount — principal plus interest — is paid at maturity.
What tax benefit does NSC offer?
The investment qualifies for a Section 80C deduction up to ₹1.5 lakh a year. The annual interest is taxable, but because it is reinvested it also counts as a fresh 80C investment in each of the first four years.
What is the current NSC interest rate?
The government sets it each quarter; it has been around 7.7% recently and stays fixed for your certificate's full term once issued. Check the latest notified rate before investing.
Can I withdraw NSC before maturity?
Generally no. NSC has a 5-year lock-in and can be encashed early only in specific cases such as the holder's death or a court order.
NSC or tax-saver FD — which is better?
Both have a 5-year lock-in and a Section 80C benefit, and taxable interest. NSC is government-backed at a government-set rate; a tax-saver FD's rate depends on the bank. The choice often comes down to the rate on offer.