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National Savings Certificate (NSC) calculator

Written and reviewed by Omm · Last reviewed · General information, not investment advice

The National Savings Certificate (NSC) is a 5-year Post Office deposit. Interest is added every year and paid with the deposit at maturity. Enter the amount to see what you get back.

Between 1000 and 10000000

%

Between 1 and 15

Total deposited

₹1,00,000

Interest earned

₹44,903

Maturity value

₹1,44,903

Year 1Year 5
BalanceDeposited
Year-by-year growth
YearDepositInterestBalance
1₹1,00,000₹7,700₹1,07,700
2₹0₹8,292.90₹1,15,993
3₹0₹8,931.45₹1,24,924
4₹0₹9,619.18₹1,34,544
5₹0₹10,360₹1,44,903

Rate used

Period
October–December 2026 (Q3 FY 2026-27)
Notice
F. No. 1/4/2019-NS, 30.09.2026
Checked
12.10.2026

Sources: Office memorandum F. No. 1/4/2019-NS dated 30.09.2026 (republished by TaxGuru) · Indian Bank: interest rates for small savings schemes · Department of Economic Affairs, Budget Division

How the money is calculated

Maturity value = amount × (1 + rate)^5; interest for year y = balance at the start of year y × rate

A worked example you can check

₹1,00,000 invested in NSC at 7.7% grows to ₹1,44,903 after 5 years, of which ₹44,903 is interest.

Rules at a glance

Investment
₹1,000 or more, in multiples of ₹100; no upper limit
Term
5 years
Interest
7.7% a year, compounded yearly, paid at maturity

Tax

Deposits count towards the ₹1.5 lakh deduction under Section 123 of the Income-tax Act, 2025 (formerly Section 80C), only if you choose the old tax regime. The interest is taxable; the interest of the first four years is treated as reinvested and also counts towards the deduction under the old regime. Tax rules are those of the Income-tax Act, 2025, in force from 1 April 2026; check your own position before relying on them.

Frequently asked questions

What is the current NSC interest rate?

7.7% a year for certificates bought in October–December 2026 (Q3 FY 2026-27). The rate is fixed for the 5-year term.

Is NSC interest paid every year?

No. It is added to the certificate every year (compounded) and paid together with the deposit after 5 years.

Is NSC interest taxable?

Yes. The interest is taxable each year, although the yearly interest of the first four years counts as reinvested for the Section 123 (formerly 80C) deduction under the old regime.

How much will ₹1,000, ₹10,000 and ₹1 lakh in NSC become after 5 years?

At the current 7.7%, ₹1,000 becomes ₹1,449.03, ₹10,000 becomes ₹14,490, ₹1,00,000 becomes ₹1,44,903 and ₹5,00,000 becomes ₹7,24,517.

Can NSC be encashed before 5 years?

Generally no. The scheme rules allow closure before maturity only on the death of the holder, on forfeiture by a pledgee, or on a court order. Plan to leave the money for the full 5 years. Rules can change, so confirm at your post office or bank before acting.

Is there a maximum limit on NSC?

No. The minimum is ₹1,000 and there is no upper limit, but only ₹1.5 lakh a year counts towards the tax deduction, and only under the old tax regime.

Sources

Rules, rates and definitions on this page come from these official sources. Check the current position there before you decide.

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