NSC is a fixed-income savings certificate issued by India Post, with a fixed tenure and government-declared interest rate that compounds annually but is paid out only at maturity. This calculator projects that maturity value.
How to Use This Calculator
- Enter your NSC investment amount.
- Confirm the current NSC interest rate and tenure (admin-configured, editable).
- View the projected maturity value and interest earned.
How the Calculation Works
Maturity Value = P × (1 + r)^t
Where P = principal invested, r = annual NSC interest rate (compounded annually), and t = the scheme's fixed tenure in years.
Worked Example
See the calculator above for a projection using the currently configured NSC interest rate, since the government revises this rate periodically and it is not hard-coded here.
Who Should Use This
Conservative savers looking for a government-backed, fixed-tenure instrument, often used to claim tax deductions under applicable sections when eligible.
Important Considerations
NSC interest is compounded annually but paid only at maturity (it is still taxable each year on an accrual basis in most cases, except in the final year, subject to current tax rules) — verify treatment with a tax professional before relying on net figures.
Common Mistakes
Assuming NSC interest is received as a yearly payout is incorrect — it accrues and compounds within the certificate and is paid out as a lump sum only at maturity.
References
Official source: National Savings Institute, Ministry of Finance.