NSC Calculator — National Savings Certificate
Calculate your NSC maturity value at the current 7.7% interest rate. NSC has a 5-year lock-in and qualifies for Section 80C deduction up to ₹1.5 lakh.
Maturity Value (after 5 years)
Interest earned: ₹44,903 at 7.7% p.a.
| Year | Interest Earned | Cumulative Interest | Balance | 80C? |
|---|---|---|---|---|
| Year 1 | ₹7,700 | ₹7,700 | ₹1,07,700 | ✓ Yes |
| Year 2 | ₹8,293 | ₹15,993 | ₹1,15,993 | ✓ Yes |
| Year 3 | ₹8,931 | ₹24,924 | ₹1,24,924 | ✓ Yes |
| Year 4 | ₹9,619 | ₹34,543 | ₹1,34,543 | ✓ Yes |
| Year 5 | ₹10,360 | ₹44,903 | ₹1,44,903 | Taxable |
Interest from years 1–4 is deemed reinvested and qualifies for 80C deduction in the following year. Year 5 interest is taxable at your slab rate.
Frequently Asked Questions
What is the current NSC interest rate?
The NSC interest rate is 7.7% per annum for FY 2025-26, compounded annually. The government reviews this quarterly along with other small savings scheme rates.
Is NSC interest taxable?
Yes. NSC interest is taxable at your income tax slab rate. However, since interest is deemed reinvested, it qualifies for 80C deduction for years 1–4. Only the final year's interest (year 5) is directly taxable without an offsetting 80C benefit.
What is the NSC lock-in period?
NSC has a mandatory 5-year lock-in. Premature withdrawal is not allowed except in cases of investor death, court order, or forfeiture by a pledgee such as a bank.
How does NSC compare to PPF and FD?
NSC offers 7.7% with a 5-year lock-in and 80C benefit. PPF offers 7.1% with a 15-year lock-in but fully tax-free returns. Bank FDs vary from 6.5–8% with flexible tenure, but interest is fully taxable. NSC is best for investors who want a guaranteed return with 80C benefit and a medium-term horizon.