Rate of interest (p.a)
Time Period (2022)
Tenure will be fixed at 5 years.
The online NSC calculator offers an easy-to-use interface. It helps calculate the NSC interest amount you could accumulate by the end of the maturity period, which is 5 years. This essentially helps you understand the amount you need to invest in order to reach your financial goal by the end of the selected tenure.
Follow these steps to use the NSC calculator:
Since the interest earned on an NSC investment is compounded yearly or half-yearly, the compound interest formula is used to compute the returns on NSC investments, which is
A = P(1 + r/100)^n, where A = Final value at the maturity, P = principal amount invested, r = Rate of interest applied and n = number of years (the maturity period).
For instance, Assume you deposit ₹1 lakh in a 5-year National Savings Certificate with a 6.8% interest rate.
Maturity Amount = ₹1,00,000[1+ 6.8/100]^5 = ₹1,46,254
The total interest earned = ₹(1,46,254 – 1,00,000) = ₹46,254
NSC has a 5-year lock-in period, which means it cannot be removed before maturity. NSC can be withdrawn early as an exception only under the following circumstances: