National Savings Certificate (NSC) Calculator
Investment Amount: ₹0
Total Interest Earned: ₹0
Maturity Amount: ₹0
What is National Savings Certificate (NSC)?
National Savings Certificate (NSC) is a Government of India backed fixed-income investment scheme offered through Post Offices. It is designed for conservative investors who want guaranteed returns along with tax benefits.
Who Can Invest?
- Any Indian resident aged 18 years or above.
- Parents or guardians can invest on behalf of minors.
- Single and joint accounts are permitted.
- Non-Resident Indians (NRIs) are generally not eligible to open new NSC accounts.
Key Features
- Government-backed and low-risk investment.
- Fixed interest rate announced by the Government from time to time.
- Interest is compounded annually.
- Lock-in period of 5 years.
- Suitable for medium-term wealth creation and tax saving.
- Available through Post Offices across India.
Investment Rules
- Minimum Investment: ₹1,000
- Additional investments can be made in multiples of ₹100.
- No maximum investment limit.
- Premature withdrawal is generally not allowed except under specific circumstances.
Tax Benefits
- Investment qualifies for deduction under Section 80C up to applicable limits.
- Interest earned each year is deemed reinvested and also qualifies for Section 80C benefits except in the final year.
- Maturity proceeds are taxable as per applicable income tax rules.
Why Invest in NSC?
- Government guarantee and low investment risk.
- Assured returns with annual compounding.
- Tax-saving investment option under Section 80C.
- Easy availability through Post Offices.
- Suitable for conservative and long-term investors.