Savings Calculator
NSC Calculator
National Savings Certificate returns, fixed 5-year small-savings scheme with government backing.
What is NSC?
An NSC calculator shows the maturity amount on the 5-year National Savings Certificate, a government-backed small savings scheme eligible for 80C deduction.
Formula
A = P × (1 + r)5
, interest compounded annually, reinvested, and paid on maturity.
, interest compounded annually, reinvested, and paid on maturity.
Worked example
₹
₹1,00,000 NSC at 7.7% p.a. matures in 5 years at ~₹1,44,903.
Frequently asked questions
Is NSC interest taxable?
Yes, on maturity. But each year's accrued interest qualifies for 80C deduction (except the final year), effectively making it tax-deferred.
NSC vs PPF, which is better?
PPF gives EEE (fully tax-free) over 15 years. NSC is a shorter 5-year commitment but interest is taxable at maturity.
Can I buy NSC online?
Yes, through India Post's e-banking or any public sector bank acting as authorised agent.