What is the National Savings Certificate (NSC)?
The National Savings Certificate (NSC) is a popular fixed-income savings bond issued by the Government of India through Post Offices. It is widely used for safe wealth accumulation and tax-saving purposes.
Benefits of Investing in NSC
- Section 80C Tax Savings: Investments up to ₹1.5 Lakhs per financial year are tax-deductible.
- Reinvested Interest Benefit: The interest earned in the first four years is automatically reinvested and qualifies for additional 80C deductions in those respective years.
- Compounding Power: Interest compounds annually, maximizing the maturity value over the 5-year lock-in period.
- No Maximum Limit: While tax benefits are capped at ₹1.5L, you can invest any amount in NSC.
How the NSC Calculator Works
Our NSC Calculator instantly determines your maturity amount after 5 years. By entering your principal deposit and the ongoing interest rate (currently around 7.7% p.a.), the calculator reveals your total compounded interest and final payout value.