National Savings Certificate Calculator

Calculate the maturity value of a National Savings Certificate (NSC) investment, compounded annually over its 5-year tenure.

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Works on all devices

Data period: National Savings Certificate rate for July–September 2026 (7.7% p.a.)
Source: National Savings Institute, Ministry of Finance (DEA), Government of India
Last updated: 24-09-2026

Enter your NSC investment amount to calculate the maturity value after 5 years, compounded annually at the current 7.7% rate.

Investment amount *

₹

Your result

₹1,44,903.38

Maturity amount (after 5 years)

Total interest earned₹44,903.38

AI explanation

Formula

Maturity amount = principal × (1 + rate)^5, compounded annually

Worked example

₹1,00,000 investment

Worked example: ₹1,00,000 investment
Field	Value
Investment amount	₹1,00,000
Maturity amount (after 5 years)	₹1,44,903.38
Total interest earned	₹44,903.38

Assumptions and limitations

This calculator assumes

NSC interest rate is 7.7% p.a., compounded annually, notified for the Jul-Sep 2026 quarter and revised quarterly by the Ministry of Finance.
Interest is compounded annually but paid out only at maturity (cumulative), except the final year's interest which is paid out and taxable, not reinvested.
Standard 5-year NSC (VIII Issue) tenure assumed.

What it does not account for

Uses the rate notified for July–September 2026. Rates are revised every quarter; whether a revision changes the return on an existing deposit depends on the scheme's rules.

Frequently asked questions

What is the NSC interest rate and how is it compounded?

NSC currently earns 7.7% p.a., compounded annually. Interest for the first 4 years is reinvested (and qualifies for Section 80C deduction), while the final year's interest is paid out and is taxable.

Is NSC investment tax-deductible?

Yes — the amount invested qualifies for deduction under Section 80C (within the overall ₹1.5 lakh limit), and the interest reinvested in years 1-4 also qualifies for 80C, since it is deemed reinvested.

Can I withdraw NSC before maturity?

Premature withdrawal is allowed only in specific cases — on the death of the holder, on forfeiture by a pledgee (e.g. a bank), or on a court order. Otherwise, NSC has a fixed 5-year lock-in.

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Sources

Official sources

Interest Rate on National Savings Schemes (National Savings Certificate: 7.7% p.a. for July–September 2026) — National Savings Institute, Ministry of Finance (DEA), Government of India. Effective 01-07-2026, checked 24-09-2026.