Calculate returns on your NSC investment with current interest rates
| Year | Opening Balance | Interest Earned | Closing Balance |
|---|
Eligible for deduction under Section 80C
Taxable on accrual basis each year
Total tax benefit - Interest tax liability
National Savings Certificate (NSC) is a fixed income investment scheme offered by India Post. It's a government-backed savings bond that helps promote small savings and provides income tax benefits.
• 5-year lock-in period
• Guaranteed returns
• Government backed
• Transferable certificates
• Can be used as collateral
• Investment qualifies for Section 80C deduction
• Maximum deduction of ₹1.5 lakhs
• Interest is taxable yearly
• TDS not applicable
• Interest reinvested qualifies for 80C
• Minimum: ₹1,000
• No maximum limit
• Available in multiples of ₹100
• Interest compounded annually
• Maturity period: 5 years
• Current rate: 7.7% (Oct-Dec 2023)
• Minimum rate: 6.5%
• Maximum rate: 8.5%
• Rate changes annually
• Minimum age: 18 years
• Maximum age: 60 years
• Minimum income: ₹2,000 per month
• Minimum balance: ₹1,000
• Invest ₹10,000 for 5 years at 7.7% interest rate
• Maturity amount: ₹15,000
• Total interest: ₹1,500
• Tax benefit: ₹1,500
• Choose a sustainable withdrawal rate
• Consider inflation impact
• Monitor fund performance regularly
• Maintain emergency funds separately
• Review and adjust strategy periodically
The minimum investment amount for NSC is ₹1,000.
Calculate your tax benefit based on your investment amount, interest rate, and tax bracket.
No, NSC certificates are non-transferable and cannot be sold.
The current interest rate for NSC is 7.7%.
The maturity period for NSC is 5 years.
The minimum age for NSC is 18 years.
The minimum income requirement for NSC is ₹2,000 per month.
The tax benefit for NSC is calculated based on your investment amount, interest rate, and tax bracket.