NSC Calculator

The NSC Calculator is a valuable financial tool designed to help you determine the maturity value and interest earnings of your NSC investments.

The NSC savings calculator simplifies the process of predicting your returns and aids in informed financial planning.

Principal Amount :  1,00,000
Total Interest :  ₹33,823
Total Amount :  ₹1,33,823

*Effective from 01/ 01/ 2024, NSC interest rates fixed to 7.7 % compounded annually.

National Savings Certificate(NSC)

The National Savings Certificate (NSC) is a government-backed savings scheme that encourages long-term financial savings among individuals residing in India.

NSC offers a secure and relatively risk-free way to invest your money, with the promise of guaranteed returns.

NSC interest rates are great while also offering income tax benefits, making it an appealing choice for many investors.

NSC Calculator Online

NSC savings Calculator Online is a valuable financial tool that simplifies the process of calculating the returns on your National Savings Certificate (NSC) investments.

The National Savings Certificate calculator is user-friendly which estimates your NSC earnings swiftly and accurately. An NSC interest calculator provides valuable insights for your financial planning.

By entering essential details like the principal amount, NSC term, and the prevailing NSC interest rate, the NSC savings Calculator provides you with a comprehensive analysis of your investment. This includes the maturity amount, total interest earned, and other crucial information.

NSC Interest Rate

NSC Interest rate is the annual interest percentage offered on National Savings Certificates. Understanding this rate is essential when considering NSC investments.

The table below mentions the different NSC interest rate that are offered by the government-

Time Period Interest Rate
January 2023 - March 2023 7.0%
April 2023 onwards 7.70%
Note: The interest rates are subject to change as per the government. It is advised to check before applying for NSC.

NSC Interest Rate and Other Information

Here is the NSC Interest Rate and other details regarding the interest rates and essential aspects of National Savings Certificates (NSC).

It's crucial to understand all the important information before investing in NSCs for sound financial planning.

Interest Rate 7.70% p.a.
Minimum Deposit Rs 1000
Maximum Deposit No maximum deposit
Minimum Investment period 5 Years
Tax Benefit Up to Rs 1.5 lakh under section 80C
Note: The interest rates are subject to change as per the government. It is advised to check before applying for NSC.

NSC Eligibility Criteria

NSC Eligibility Criteria talks about different criteria for investing in National Savings Certificates (NSC). Understanding these criteria is essential to determine your eligibility and make informed financial decisions.

Here is a list of eligibility criteria for investments in NSC:

Here is a list of those that are not eligible for investing in NSC:

Documents Required to Apply for NSC

Documents required to apply for NSC entail the paperwork and forms that individuals must submit when investing in National Savings Certificates (NSC).

These documents are essential for the application process and to ensure the investment's legality and security:

Identity Proof PAN Card, Voter ID, Driving License, Passport etc.
Address Proof Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport etc
Application Completely filled NSC application form
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Tax benefits of NSC

The National Savings Certificate (NSC) is a popular investment option in India that offers a number of tax benefits. Here are some of the tax benefits of investing in NSCs:

How Can NSC Calculator Help?

The NSC Calculator helps in knowing the returns and potential gains from investing in National Savings Certificates (NSCs).

This calculator streamlines the process of calculating the maturity amount, helping investors make informed decisions regarding their savings and investments.

Here are some more ways how NSC calculators help:

Other Investments VS NSC

When evaluating investments, it's essential to compare National Savings Certificates (NSC) with other available options.

This comparison helps you choose investments that align with your financial goals:

Type Interest Rate Lock in period
NSC 7.70% p.a 5 years
ELSS Funds 12% - 15% p.a.(based on market) 3 years
FD 4% -7%p.a. 5 years
NPS 8% - 10% p.a.(based on market) Till retirement
PPF 7.1% p.a. 15 years

How to Use an NSC Calculator?

Using an NSC calculator is a straightforward process. By entering key details such as your investment amount, interest rate, and tenure, you can swiftly determine the maturity value of your National Savings Certificate.
Here’s how to use the NSC calculator-

Step 1: Go to any online NSC calculator.

Step 2: Enter the investment amount, investment duration, and interest rate.

Step 3: Click on the "Calculate" button.

Step 4: The calculator will display the maturity amount of your investment.

Formula to Calculate NSC Maturity Amount

To calculate the maturity amount of a National Savings Certificate (NSC), you can use the following formula:

A = P (1 + r/100) ^ n

A = final value at the maturity
P = the principal amount invested
R/r = the annual interest rate,
N/n = maturity period/ number of years


With an investment of Rs 150000 in 5 years with an NSC interest rate of 7.0% p.a.
A = final value at the maturity
P = 150000
R/r = 7.0% p.a. = 0.07
N/n = 5 years

A= 150000(1+ 7.0/100)^5
A= 21,03,828

Total principal invested - Rs 150000
Interest Earned - 6,03,828

At the end of 5 years your maturity amount would be : 21,03,828

Note: The example above is purely indicative and does not guarantee the actual figures.

Advantages of Using the NSC Calculator

Knowing the advantages of using the NSC savings calculator is essential for making informed financial decisions. Check out some of the advantages of using a National Saving Certificate calculator:

Ready to take the next step? Apply for a personal loan now!

Check other useful financial calculators from below:

EMI Calculator FD Calculator
Mahila Samman Calculator RD Calculator
Mutual Fund Calculator SSY Calculator
Simple Interest Calculator Compound Interest Calculator
EPF Calculator PPF Calculator
SIP Calculator Post Office Monthly Income Calculator
GST Calculator TDS Calculator
NPS Calculator Atal Pension Yojana Calculator
Gratuity Calculator HRA Calculator

Frequently Asked Questions

NSC calculator is an online tool that estimates the maturity amount of your National Savings Certificate (NSC) investment, based on the investment amount, duration, and interest rate.

To use an NSC calculator to calculate the maturity amount of your investment, simply enter the following information: Investment amount, duration and NSC Interest rate. The calculator will then estimate the maturity amount of your investment, based on the compound interest formula.

NSC calculator helps make informed financial planning decisions by estimating future returns and tracking progress towards financial goals.

The formula for calculating NPS is A = P (1 + r/n) ^ nt, you can also use the NPS calculator for an easy calculation.

Yes, there are tax implications to consider when using an NSC calculator. The amount invested in NSC is eligible for a tax deduction under Section 80C. The maximum deduction allowed under this section is currently up to Rs. 1.5 lakh in a financial year (subject to any changes in tax laws).

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