NSC Calculator
Calculate the maturity amount of your National Savings Certificate (NSC) — with 5-year lock-in and annual compounding.
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How to use this calculator
- 1
Enter the amount you want to invest in NSC.
- 2
The current NSC VIII rate is 7.7% p.a. — update if the government revises it.
- 3
NSC has a mandatory 5-year lock-in period.
- 4
Interest accrues annually and is reinvested (compounded) — it is taxable each year under 80C (as deemed reinvestment).
Frequently asked questions
What is NSC and who issues it?
NSC (National Savings Certificate) is a fixed-income investment scheme backed by the Government of India, available at all post offices. It is one of the safest investments with a sovereign guarantee.
Is NSC interest tax-free?
No — NSC interest is taxable as per your income slab. However, the interest accrued each year (years 1–4) is considered reinvested and qualifies for deduction under Section 80C. Only the final year's interest (Year 5) does not qualify for 80C as it is not reinvested.
What is the 80C benefit of NSC?
The initial investment qualifies for deduction under 80C (up to ₹1.5L limit). Additionally, the interest reinvested each year also qualifies for 80C in those respective years — effectively giving you 80C benefit for 5 years from one investment.
Can I use NSC as loan collateral?
Yes — NSC certificates can be pledged as collateral to banks for loans. The bank marks the transfer of lien, and you can get loans up to 85–90% of the NSC value.
NSC Calculator — 5-year Post Office savings with 80C benefit
NSC vs FD vs PPF
NSC offers 7.7% with 80C benefit and sovereign guarantee — better than most bank FDs on a post-tax basis for those in higher brackets. PPF offers 7.1% with full EEE tax exemption but has a 15-year lock-in. NSC suits those who want a government-backed 5-year investment with 80C benefit and don't need liquidity.
NSC interest compounding explained
NSC interest compounds annually. The interest is not paid out — it is added to the corpus and earns interest in the next year. This accrued interest is also eligible for 80C deduction each year, making the effective post-tax return competitive for investors in the 30% bracket.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →