National Savings Certificates (NSC) Calculator

NSC-CalculatorNational Savings Certificates (NSC) is a small savings scheme run by the Department of Posts. NSC is a government scheme, and thus it is a very safe investment option.

National Savings Certificates (NSC) Calculator is general purpose calculator used for calculating maturity amount of National Savings Certificates (NSC) invested in Post Office at one time basis for a specified period of 5 or 10 years. National Savings Certificates are popular savings schemes offered by Post office. Post office usually offer relatively higher returns on NSCs than on savings or RD accounts with Income Tax Rebate under NSC – section 80C of IT Act.

This National Savings Certificates (NSC) Calculator requires some data like – Your NSC Deposit Amount, Rate of Interest (i.e 8.5% for 5 years NSC or 8.8% for 10 years NSC), Period (in No. of Months i.e. either 60 for 5 years NSC or 120 for 10 years NSC), interest Compounding Frequency (i.e. Annual). After calculation you will get the Maturity Amount of your National Savings Certificates (NSC) after maturity period and Effective yield in %.

NSC Deposit Amount :
Rate of Interest (i.e 8.5% for 5 years NSC or 8.8% for 10 years NSC) :
Period (in No. of Months i.e. either 60 for 5 years NSC or 120 for 10 years NSC) : (fractions not allowed)
Frequency of Compounding :
Maturity Amount of NSC (Rs.) :
Effective yield : %  

Note: Interest Compounding Frequency for NSC is Annual.

National savings certificates (NSC)



National Savings Certificates (NSC) is a small savings scheme run by the Department of Posts. NSC is a government scheme, and thus it is a very safe investment option.

With a fixed investment for 5 years & 10 years on certificates of varied denominations, Pledging facility available for availing loan from Banks.

Types of National Savings Certificates (NSC):

NSCs are available for two durations – 5 years (NSC VIII Issue) and 10 years (NSC IX Issue). For both durations, there are three different types of NSC certificates.

  • Single Holder Type Certificate can be taken by individuals either in their own name or the name of a minor.
  • Joint A Type Certificate can be taken by two adults who are joint holders of the certificate, and the withdrawal amount will be paid to both of them jointly.
  • Joint B Type Certificate is available for two adults who are joint holders, and the withdrawal amount can be paid to either one of them.

Salient Features of National Savings Certificates (NSC):

  • NSC VIII Issue (5 years) – Interest rate of 8.5% per annum
  • NSC IX Issue (10 years) – Interest rate of 8.8% per annum
  • No maximum limit for investment for NSC VIII Issue (5 years).
  • For NSC IX Issue (10 years) Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.
  • No tax deduction at source.
  • Investment up to Rs 1,50,000/- per annum qualifies for Income Tax Rebate under NSC – section 80C of IT Act.
  • Certificates can be kept as collateral security to get loan from banks.
  • Trust and HUF cannot invest.
  • A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
  • The interest accruing annually but deemed to be reinvested will also qualify for deduction under NSC – section 80C of IT Act.

Withdrawal of National Savings Certificates (NSC):

NSCs don’t allow premature withdrawals. Once the 5-year or 10-year term is over, you need to submit the NSCs back to the post office to get the original investment along with interest. As an exception, if the holder of NSCs dies, the nominees can withdraw NSCs before the completion of the term.


Leave a Reply

Your email address will not be published. Required fields are marked *