NSC Calculator

Amount Invested

₹

Rate of Interest (p.a)

Time Period

Compounding Frequency

Principal Amount

Total Interest

Principle Amount₹1,00,000

Total Interest-₹1,00,000

Total Amount₹0

The National Savings Certificate (NSC) program is one of the popular savings plans in India. It is a fixed-income plan that can be activated at any post office. The NSC program is supported by the Government of India, ensuring returns. This program encourages investors with low and moderate incomes to save.

NSC investment up to 1.5 lakh is exempted under section 80C of the Income Tax Act. Under the NSC scheme, you have a five-year lock-in period. The minimum amount required to deposit under the NSC scheme is 100, with no maximum limit. There is no TDS for NSC investment. It is considered a safe and low-risk investment.

What is the NSC Calculator?

The interest earned under the National Savings Certificate is compounded every year. Every year, the interest earned is reinvested. You will get the interest at the end of the five-year lock-in period. You can use the BlinkX NSC calculator by entering the investment amount and rate of interest. The tool will automatically calculate the total earnings on the investment at maturity.

How Does NSC Calculator Help You?

You can use the NSC calculator:

To calculate how much you will receive on maturity.
To instantly check if the plan fits your financial goal.

Formula for Calculating NSC Calculator

M = P(1 + r/100)^n

Here,

M	Maturity Value
P	Principal Amount
r	Interest Rate
n	Number of Years

For example, if you invest ₹75,000 in NSC for 6 years at a current interest rate of 7.7%, the NSC interest rate calculator can be used to calculate the total maturity value, which would be ₹1,18,672.

How Does the NSC Calculator Work?

The NSC calculator is a digital tool that instantly calculates the interest and capital that investors get at the maturity date. You can enter the interest rate, investment amount in the tool to calculate the NSC interest rate earned under the scheme initiated by the Government of India.

How to Use BlinkX NSC Calculator?

You can use the NPS calculator using the steps below:

Step 1: Enter the monthly investment amount.
Step 2: Enter the interest rate.
Step 3: Select the time period.

Your NSC amount will be displayed on the screen. You can easily verify your earnings on the calculator. You will be presented with the total amount invested in your national savings certificate, maturity value, and total interest earned.

Advantages of Using NSC Calculator

Here are some of the advantages of using the NSC calculator:

It is easy to use and straightforward.
It can save you time on doing the calculations by yourself.
It is accurate, and you do not need to second-check the calculations.
It is free of cost, and you can access it from anywhere you want.

Disclaimer: This tool provides information for general guidance only and does not offer any warranties, either express or implied, as to the accuracy, completeness, or reliability of the content. Please read all scheme-related documents carefully before investing.

You can check out our other calculators

Brokerage Calculator

Mutual Fund Calculator

FAQs on NSC Calculator

How is interest on NSC calculated?

The interest earned under the National Savings Certificate is compounded every year. Every year, the interest earned is reinvested.

Is NSC tax-free?

No, NSC is taxable under “Income from other sources”. NSC investment up to 1.5 lakh is exempted under section 80C of the Income Tax Act.

What is the current interest rate on NSC?

7.7% p.a. is the current interest rate on NSC.

Which is better, a 5-year FD or NSC?

Both FD and NSC offer tax benefits and assured returns with a 5-year lock-in. However, NSC offers higher interest rates and tax advantages on reinvested interest.