Minimum ₹1,000, in multiples of ₹100. No upper limit.
Official rate for the October–December 2026 quarter: 7.7%. Compounded yearly, paid at maturity.
Quick examples
Investing ₹1,00,000 once at a fixed 7.7%.
What each result means
Amount invested
What it is: The one-time amount you put in.
Your value: ₹1,00,000
Your own money.
Total interest
What it is: Interest earned over 5 years, paid at maturity.
Your value: ₹44,903
Taxable in your hands.
Maturity value
What it is: Investment plus interest after 5 years.
Your value: ₹1,44,903
The headline projection.
Year-by-year breakdown
| Year | Interest this year (₹) | Value at year end (₹) |
|---|---|---|
| 1 | ₹7,700 | ₹1,07,700 |
| 2 | ₹8,293 | ₹1,15,993 |
| 3 | ₹8,931 | ₹1,24,924 |
Interest is added to the certificate each year and paid out with the principal at the end of year 5. The rate is fixed on the day you buy.
Showing the first 3 of 5 years. Want charts, formulas and the full schedule? Get the detailed PDF.
What this calculator does
The National Savings Certificate (NSC) is a 5-year government savings certificate. You invest once; interest is compounded yearly and paid with your money at maturity. The rate on the day you buy stays fixed for all 5 years.
What your result means
Each year's interest is added to the certificate and earns interest itself, so year 5 earns the most.
Formula
1. NSC maturity value
Symbols
- M
- Maturity value (₹)
- P
- Amount invested (₹)
- r
- Annual rate (decimal)
Why this formula works
Interest is compounded once a year for five years.
Unit check
₹ = ₹ × (no unit). ✓
Worked example
P = ₹1,00,000, r = 7.7%: M = ₹1,44,903.
Common mistakes
Using quarterly compounding. Assuming the rate changes during the 5 years — it is locked in at purchase.
Working for your numbers
- (1 + r)⁵ = (1 + 0.0770)⁵ = 1.4490
- M = ₹1,00,000 × 1.4490 = ₹1,44,903
- Interest = ₹44,903
Frequently asked questions
Does the NSC rate change after I buy?
No. The rate on your purchase date (7.7% for the October–December 2026 quarter) is fixed for the full 5 years.
Is NSC interest taxable?
Yes, interest is taxable. In the old regime the investment qualifies under Section 80C, and the yearly reinvested interest (except in year 5) can also count as a fresh 80C investment.
Does this calculator tell me whether to invest?
No. It is an educational projection using the official rate and standard scheme rules. It does not consider your goals, taxes or other options. For a personal decision, speak to a SEBI-registered investment adviser.
Symbols and assumptions
- P
- Investment (₹)
- r
- Annual rate (%)
- A single investment held for the full 5 years.
- The rate is fixed at purchase.
- Tax on interest is not deducted in these figures.
- Figures are in Indian Rupees (₹).
Sources and review
Reviewed 2026-10-05 · Next review 2026-12-31
- National Savings Institute — small savings schemes and current rates, Ministry of Finance
- India Post — Post Office Savings Schemes
- Department of Economic Affairs, Ministry of Finance — small savings rate notifications
Namaste! Did this NSC Calculator help you?
Aapka ek click humein behtar banata hai. Just tap a star, no sign-in, no typing.
Help others become financially literate
Found this NSC Calculator useful? Share it with your friends and family!
Related Calculators
How it works
Fixed income savings bond with a 5-year lock-in and tax benefits.
The formula
A = P(1 + r)^t- A
- Maturity Amount
- t
- 5 years fixed
Worked example
₹1 Lakh invested for 5 years at current government rates.
Pro tips
- Interest is reinvested and eligible for 80C deduction.
- Safe government-backed investment.
Common mistakes
- Thinking interest is paid out annually.
Go deeper
Concepts to explore
Related guides
Institutional grade calculations are illustrative and for educational wealth architecture. Results do not constitute investment advice.