NSC (National Savings Certificate) Calculator

5-year fixed, 80C benefit; interest taxable.

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National Savings Certificate (NSC) Calculator

5-year lock-in. Interest compounded annually; taxable at maturity. Deposit eligible for 80C.

One-time deposit (₹) — min ₹1,000, multiples of ₹100

Interest rate (% p.a.)

Interest is taxable. Deemed reinvestment for first 4 years also qualifies for 80C deduction.

Maturity (after 5 years)

₹72,452

Interest earned: ₹22,452

What is it?

National Savings Certificate (NSC) is a 5-year fixed deposit at post offices and banks. Deposit qualifies for 80C; interest is taxable at maturity.

How it works

Enter one-time deposit and interest rate. The calculator shows maturity amount after 5 years.

Rules, opening & closing

How to open, how to close, premature withdrawal rules, and main regulations for this scheme.

How to open / buy an NSC?: NSC is available at post offices and at many authorised banks. Carry identity proof (Aadhaar, PAN), address proof, and the deposit amount (min ₹1,000, in multiples of ₹100). Fill the NSC application form (Form 1 for single holder). No maximum limit. You can buy multiple certificates. No nomination at the time of issue in some cases; nomination can be added later.
How to close or withdraw at maturity?: NSC has a 5-year tenure. On maturity, visit the same post office or bank where you purchased the certificate with the certificate and identity proof. Submit a discharge form. The maturity amount (principal + accrued interest) is paid. Interest is taxable at maturity. No automatic credit; you must apply for closure.
Can I close or withdraw prematurely? What are the rules?: Premature closure is allowed only in these cases: (1) Death of the holder; (2) Forfeiture by a pledgee (when pledged to a bank/government); (3) By order of a court. No premature encashment is allowed for any other reason. So NSC is effectively locked in for 5 years unless one of the above applies. No loan facility against NSC is mentioned in standard rules; some banks may accept it as collateral per their policy.
What are the main rules and regulations?: Tenure is 5 years. Interest is compounded annually and deemed to be reinvested; it is taxable in the year of maturity. Investment qualifies for deduction under Section 80C (up to ₹1.5 lakh). No maximum investment. Transfer from one person to another is not allowed except in case of death (to nominee). Rate is fixed by the government and revised quarterly.
Who is eligible and what documents are needed?: Eligible: adult individuals in their own name; minor through guardian; trust; and two or three adults jointly. Documents: identity proof (Aadhaar, PAN, etc.), address proof, and completed application form. NRIs are not eligible.

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