NSC Calculator

Deposit amount should be atleast ₹ 1,000 in multiples of ₹ 100.
Interest Earned

₹ 0

Maturity Amount

₹ 0

How to calculate NSC Interest with our NSC Calculator?

Below step by step guide helps you to calculate the interest earned in Post office monthly income scheme,

  1. Visit our NSC Calculator, to find out how much money you will get after the investment period and the interest earned from the National Savings Certificate (NSC) scheme.
  2. Enter the amount you want to invest. The minimum investment is ₹1,000, and there is no maximum limit. However, the amount should be in multiples of ₹100.
  3. We automatically populate the number of years and the current interest rate. The Government of India sets the interest rate, which may change periodically.
  4. Our NSC Calculator will then show you the total interest earned and the final maturity amount you will receive after 5 years.

How does our NSC Calculator work?

Here is the formula to calculate the maturity amount and interest earned in the National Savings Certificate (NSC) scheme. Our NSC Calculator simplifies this process for you.

National Savings Certificate Calculator Formula


Maturity Amount = Investment Amount × (1 + Rate of Return / 100) ^ Duration

  • Investment Amount = The amount you invest
  • Rate of Return = Annual interest rate (set by the government, currently 7.7%)
  • Duration = Investment period in years (NSC has a fixed tenure of 5 years)


Interest Earned = Maturity Amount - Investment Amount

Example: NSC Interest Calculation for a ₹1,00,000 Investment

Suppose you invest ₹1,00,000 in the National Savings Certificate (NSC) at an interest rate of 7.7% for 5 years.

Maturity Amount is calculated as:
₹1,00,000 × (1 + 7.7 / 100) ^ 5 = ₹1,44,903

Interest Earned is:
₹1,44,903 - ₹1,00,000 = ₹44,903

Use our NSC Calculator to avoid manual calculations. Unlike other NSC calculators that may not update the government-set interest rate on time, we ensure it is always updated without any delay, so you don't have to manually adjust it like in other NSC calculators.

Frequently Asked Questions:

1. What is the National Savings Certificate (NSC) scheme?

The National Savings Certificate (NSC) is a government-backed savings scheme with a fixed tenure of 5 years. It offers a guaranteed interest rate of 7.7% (as of 2024), which is compounded annually and paid at maturity.

2. How can I use the NSC Calculator?

Our NSC Calculator helps you quickly calculate the maturity amount and total interest earned. Simply enter your investment amount, and the calculator will apply the latest interest rate to give you instant results.

3. What is the minimum and maximum investment in NSC?

The minimum investment in NSC is ₹1,000, and investments must be made in multiples of ₹100. There is no maximum limit on investment.

4. How does the NSC Calculator work?

The National Savings Certificate Calculator uses the following formula to calculate the maturity amount:
Maturity Amount = Investment Amount × (1 + Interest Rate / 100) ^ 5
Our calculator performs this calculation instantly, so you don't have to do it manually.

5. Is the interest earned on NSC taxable?

Yes, the interest earned on NSC is taxable. However, the initial investment qualifies for a tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year.

6. Can I withdraw my NSC before 5 years?

No, NSC has a lock-in period of 5 years. However, premature withdrawal is allowed in special cases such as:

  • Death of the account holder
  • On court orders
  • Forfeiture by a pledgee (e.g., a Gazetted Officer)

7. Can I transfer my NSC to another person?

Yes, NSC can be transferred in certain cases:

  • To the nominee or legal heir after the account holder's death
  • Between joint account holders in case of death
  • If ordered by a court
  • If pledged to an approved authority

8. Can I use NSC as loan security?

Yes, NSC can be pledged as security for loans from banks, cooperative societies, or government institutions. You need to submit an application at the post office along with an acceptance letter from the pledgee.

9. What happens when my NSC matures?

After 5 years, you will receive the maturity amount, which includes your investment and the interest earned. You must visit the post office or bank where you invested to claim the amount, as it is not credited automatically.

10. Does the NSC interest rate change?

Yes, the NSC interest rate is set by the Government of India and is reviewed every quarter. Our NSC Calculator is always updated with the latest rate, so you get accurate calculations without manual adjustments.

11. How many NSC accounts can I open?

There is no limit on the number of NSC accounts you can open.

12. Who can invest in NSC?

The following individuals can open an NSC account:

  • Any single adult
  • Joint accounts (up to 3 adults)
  • A guardian on behalf of a minor or a person of unsound mind
  • A minor above 10 years in their own name

13. Where can I open an NSC account?

You can open an NSC account at any post office in India. Some banks may also facilitate NSC investments.

14. Can I check my NSC investment online?

No, NSC is not linked to online banking. You must visit the post office to check your balance or withdraw the maturity amount.

15. Why should I use the NSC Calculator?

Our NSC Calculator helps you:

  • Instantly calculate the maturity amount and interest earned
  • Get accurate results without manual calculations
  • Use the latest government-set interest rate, unlike other calculators that may not be updated