NSC Calculator
Enter the amount you put in a National Savings Certificate. You get what it's worth after 5 years at the current 7.7% rate, the interest added each year, and what that money will buy after inflation.
By Hardik Vegad, founder of WealthGamma · Last updated
You get at maturity
₹1,44,903
₹1,00,000 at 7.7% a year grows 1.45 times in 5 years.
Amount invested
₹1,00,000
Interest earned
₹44,903
Worth in today's money
₹1,08,280
Tax saved under 80C
₹20,800
| Year | Interest added | Value |
|---|---|---|
| Year 1 | ₹7,700 | ₹1,07,700 |
| Year 2 | ₹8,293 | ₹1,15,993 |
| Year 3 | ₹8,931 | ₹1,24,924 |
| Year 4 | ₹9,619 | ₹1,34,544 |
| Year 5 | ₹10,360 | ₹1,44,903 |
How your NSC grows, year by year
- Value
- Value in today's money
- Invested
Year-by-year tableShowHide
| Year | Opening balance | Interest added | Closing balance |
|---|---|---|---|
| Year 1 | ₹1,00,000 | ₹7,700 | ₹1,07,700 |
| Year 2 | ₹1,07,700 | ₹8,293 | ₹1,15,993 |
| Year 3 | ₹1,15,993 | ₹8,931 | ₹1,24,924 |
| Year 4 | ₹1,24,924 | ₹9,619 | ₹1,34,544 |
| Year 5 | ₹1,34,544 | ₹10,360 | ₹1,44,903 |
What is the NSC interest rate now?
The NSC interest rate is 7.7% a year for certificates bought from October to December 2026. Interest compounds once a year and is paid with your money at the end of 5 years.
The Ministry of Finance reviews the rate every quarter. It has stayed at 7.7% since 1 April 2023. Whatever the rate is on the day you buy, your certificate keeps it until maturity.
What is the NSC interest rate history?
The rate has moved between 6.8% and 8.6% since 2012. It was lowest from April 2020 to December 2022, and the current 7.7% is the highest since March 2020.
| Bought from | To | Interest rate |
|---|---|---|
| 1 April 2023 | 31 December 2026 | 7.7% |
| 1 January 2023 | 31 March 2023 | 7% |
| 1 April 2020 | 31 December 2022 | 6.8% |
| 1 July 2019 | 31 March 2020 | 7.9% |
| 1 October 2018 | 30 June 2019 | 8% |
| 1 January 2018 | 30 September 2018 | 7.6% |
| 1 July 2017 | 31 December 2017 | 7.8% |
| 1 April 2017 | 30 June 2017 | 7.9% |
| 1 October 2016 | 31 March 2017 | 8% |
| 1 April 2016 | 30 September 2016 | 8.1% |
| 1 April 2013 | 31 March 2016 | 8.5% * |
| 1 April 2012 | 31 March 2013 | 8.6% * |
* Compounded every six months. Since 1 April 2016, NSC interest compounds once a year. Rates are from the Ministry of Finance's quarterly notifications, listed by the National Savings Institute.
How is NSC maturity value calculated?
Your money grows by the interest rate once a year, for 5 years:
Maturity value = Amount × (1 + Interest rate)5
Interest earned = Maturity value − Amount
Worked through for ₹1,00,000 at 7.7%:
- 1 + 0.077 = 1.077
- 1.077 multiplied by itself 5 times = 1.44903
- ₹1,00,000 × 1.44903 = ₹1,44,903
- ₹1,44,903 − ₹1,00,000 = ₹44,903 of interest
How much will your money become in NSC after 5 years?
At 7.7%, every rupee becomes 1.45 rupees. ₹1 lakh becomes ₹1,44,903, and ₹5 lakh becomes ₹7,24,517.
| You invest | Interest earned | You get after 5 years |
|---|---|---|
| ₹10,000 | ₹4,490 | ₹14,490 |
| ₹50,000 | ₹22,452 | ₹72,452 |
| ₹1,00,000 | ₹44,903 | ₹1,44,903 |
| ₹1,50,000 | ₹67,355 | ₹2,17,355 |
| ₹5,00,000 | ₹2,24,517 | ₹7,24,517 |
| ₹10,00,000 | ₹4,49,034 | ₹14,49,034 |
An older certificate pays less. ₹1 lakh bought at 6.8% matures at ₹1,38,949, and at 7% it matures at ₹1,40,255.
How much interest does NSC add each year?
More every year, because each year's interest is added to the balance. On ₹1,00,000 at 7.7%, the first year adds ₹7,700 and the fifth adds ₹10,360. You need these year-wise figures for your tax return.
| Year | Interest added | Value at year end |
|---|---|---|
| 1 | ₹7,700 | ₹1,07,700 |
| 2 | ₹8,293 | ₹1,15,993 |
| 3 | ₹8,931 | ₹1,24,924 |
| 4 | ₹9,619 | ₹1,34,544 |
| 5 | ₹10,360 | ₹1,44,903 |
How is NSC taxed?
NSC interest is taxed at your slab rate, and no TDS is deducted. What you save depends on your tax regime:
- Amount invested. Under the old regime it counts toward the ₹1,50,000 a year limit of Section 80C.
- Interest of years 1 to 4. It isn't paid out, so it counts as reinvested. You show it as income and can claim the same amount under 80C in the old regime.
- Interest of year 5. It is paid out, not reinvested, so it is taxed. On the example that's ₹10,360.
- New tax regime. There is no 80C deduction, so both the amount and every year's interest get no relief.
Check the current rules before you file. To compare the regimes on your own income, ask a tax professional.
What does NSC really earn after inflation?
Less than the headline rate. With prices rising 6% a year, the ₹1,44,903 you get after 5 years buys what ₹1,08,280 buys today. Your ₹1 lakh has grown, but only a little faster than prices.
That's the trade with NSC: the return is guaranteed by the government, and it roughly keeps your money ahead of inflation. For goals 10 years or more away, compare it with equity in the lumpsum calculator.
What are the rules of NSC?
- Term. 5 years. The current issue is called NSC VIII.
- Amount. From ₹1,000, in multiples of ₹100, with no upper limit.
- Where. Any post office. Certificates are now held as an entry in a passbook or online.
- Who. A resident adult, up to three adults jointly, or a guardian for a minor.
- Early exit. Not allowed, except on the holder's death, a court order, or forfeiture by a pledgee who is a gazetted officer.
- Loan. You can pledge the certificate with a bank as security.
What does this NSC calculator leave out?
It shows the maturity value before tax. It doesn't count:
- Tax. The tax on interest and the 80C saving depend on your slab and regime.
- Certificates bought before April 2016. Their interest compounded every six months.
- Future rate changes. A new rate only affects certificates bought after it.
Saving for emergencies first? The emergency fund calculator tells you how much to keep where you can reach it, because NSC money is locked for 5 years.
Frequently asked questions
What is the NSC interest rate now?
7.7% a year for certificates bought from October to December 2026. Interest compounds once a year and is paid at maturity. The rate has been 7.7% since 1 April 2023.
How much will ₹1 lakh become in NSC after 5 years?
₹1,44,903 at 7.7%. That's ₹44,903 of interest on ₹1,00,000, or 1.45 times your money.
Does the NSC interest rate change after I buy?
No. A certificate keeps the rate of the day you bought it for all 5 years. A later change only applies to new certificates.
Is NSC interest taxable?
Yes, at your slab rate, but no TDS is deducted. Under the old tax regime, the interest of the first 4 years counts as reinvested and can be claimed under Section 80C. The fifth year's interest is taxed.
Does NSC qualify for Section 80C?
Yes, under the old tax regime. The amount you invest counts toward the ₹1,50,000 a year limit of Section 80C. The new tax regime has no 80C deduction.
Can I withdraw NSC before 5 years?
No, except in three cases: the holder dies, a pledgee who is a gazetted officer forfeits it, or a court orders it. You can pledge the certificate for a loan.
What is the minimum and maximum investment in NSC?
The minimum is ₹1,000, in multiples of ₹100. There is no maximum, but only ₹1,50,000 a year gets the 80C deduction.