A National Savings Certificate (NSC) has a standard five-year maturity. This calculator projects the growth of a deposit using the annual rate you enter, so you can check the arithmetic before comparing it with your certificate’s official maturity value.
The National Savings Institute’s NSC VIII-Issue Scheme specifies a minimum deposit of ₹1,000, further amounts in ₹100 multiples and no maximum deposit. The ₹50 lakh ceiling below is a software limit, not a scheme limit.
Free NSC calculator
Five-year NSC projection
The standard term is fixed at five years. Earlier table rows are projected growth checkpoints, not maturity dates or annual payouts.
Deposits start at ₹1,000 in ₹100 multiples. The scheme has no deposit maximum; this tool supports amounts up to ₹50 lakh and rates from 1% to 15%.
Rate notice: The editable 7.7% default is an illustration, not an automatically updated rate. Enter the rate applicable to your certificate. This projection compounds that rate annually for five years; confirm the official maturity value for your issue.
Investment vs Interest
Growth Over Time
Year-wise Interest Earned
| Year | Annual interest | Projected value |
|---|
How the five-year projection works
The model uses A = P × (1 + r/100)5, where P is your deposit and r is the annual percentage rate you enter. The projected interest is A minus P. Calculations retain precision until display; the headline and table amounts are rounded to the nearest rupee.
For example, ₹1,000 at an illustrative 7.7% annual rate gives a projected five-year value of ₹1,449 and ₹449 interest, rounded. This example does not certify the currently notified rate or the payout for a particular certificate issue.
The scheme describes interest accruing annually and being deemed reinvested through the end of the fourth year. The fifth-year interest is included in the maturity amount. The table therefore says “Annual interest”; earlier growth rows are not amounts available for annual withdrawal. Confirm the official maturity value and rounding for your issue with the accounts office.
How to use the NSC calculator
1. Enter the deposit. Use at least ₹1,000 in whole ₹100 multiples. The number field and slider support deposits up to this tool’s ₹50 lakh ceiling.
2. Enter your certificate’s rate. The 7.7% starting value is editable and illustrative. This calculator has no live rate feed; check the rate applicable to your deposit rather than assuming today’s rate applies to an older certificate.
3. Read the five-year projection. The term is fixed. Check the headline against the fifth table row. Invalid entries clear previous results so that an old value is not mistaken for the current calculation.
Tax treatment depends on your return
This tool estimates pre-tax growth and does not calculate tax savings. Savings deductions depend on the applicable tax year, regime, qualifying payments and combined limit. Section 80C under the 1961 Act corresponds to Section 123 under the 2025 Act; the ₹1.5 lakh aggregate deduction is unavailable under the new concessional regime. Have your adviser confirm the treatment of NSC contributions and accrued interest.
Source: Income Tax Department transition FAQs, questions 9 and 10. This page does not calculate accrued-interest deductions, tax liability or TDS. Those details need a separate review for the applicable law and certificate.
NSC calculator FAQs
Does the calculator show the latest NSC interest rate?
No. Enter the rate applicable to your certificate. The 7.7% default is an illustration and is not automatically updated.
Can I select a one-year or ten-year maturity?
No. This tool models the standard five-year NSC term. The annual table shows projected growth, not alternative maturity dates.
Is ₹50 lakh the NSC deposit maximum?
No. The scheme has no maximum deposit. ₹50 lakh is this calculator’s software ceiling.
Does the projected value guarantee my payout?
No. It is an annual-compound estimate from your inputs. Check the official maturity value for your certificate issue; this tool does not model exceptional early closure or tax.
Can NSC be closed before five years?
The scheme permits premature closure in specified exceptional cases, including death, qualifying pledge forfeiture and a court order. This calculator does not calculate those settlement amounts. Consult the accounts office and the official scheme.
Scheme and tax sources checked on 2 October 2026. The current quarterly numeric rate is not verified on this page.
Last Updated on 4 weeks ago by Team Paisaseekho
