NSC Calculator (India)
Find the maturity value of a National Savings Certificate. Enter your investment and the interest rate — NSC has a fixed 5-year term with interest compounded annually.
The National Savings Certificate (NSC) is a fixed-income, government-backed savings bond sold at post offices. You invest a lump sum, and it earns a fixed rate of interest compounded annually over a 5-year term. The interest is reinvested each year (not paid out) and the whole amount — principal plus accumulated interest — is paid at maturity. This calculator shows the maturity value and total interest for your investment.
How NSC maturity is calculated
Because the interest compounds annually and is reinvested, the maturity value is simply the principal grown at the annual rate for five years.
where P = amount invested, r = annual interest rate (%)
At the current 7.7% rate, every ₹1,000 invested grows to ₹1,449 after five years.
| Investment at 7.7% | Maturity (5 yrs) |
|---|---|
| ₹1,00,000 | ₹1,44,903 |
| ₹5,00,000 | ₹7,24,517 |
| ₹10,00,000 | ₹14,49,034 |
Worked example
Investing ₹1,00,000 in NSC at 7.7% for the fixed 5-year term:
| Amount invested | ₹1,00,000 |
| Maturity value | ₹1,44,903 |
| Interest earned | ₹44,903 |
NSC tax benefits
NSC investments qualify for a deduction under Section 80C up to ₹1.5 lakh a year. A useful quirk: the interest earned each year (except the final year) is reinvested and also counts as a fresh 80C investment, so it can be claimed as a deduction too. The interest is taxable in your hands, but since it's reinvested rather than paid out, most people only pay tax on it at maturity. NSC is a good fit for conservative savers who want a guaranteed return with a modest lock-in and a sovereign guarantee.