NSC Calculator

NSC Calculator – An Overview

Fixed income is provided via the National Savings Certificate (NSC) programme. It is one of the most widely preferred saving options in India. This programme may be enabled at any Post Office. The Government of India is the organization which manages the NSC plan.

As a result, it ensures returns. This savings bond promotes saving among those with low and mid-level incomes. They may also receive a tax advantage. Section 80C of the Income Tax Act exempts NSC investments up to Rs 1.5 lakhs from taxation. They have a five-year lock-in term. Fixed interest is earned on NSC certificates. The interest rate at the moment is 7.7%. NSC is a safe and low-risk instrument, just as other fixed-income instruments like PPF and Post Office FDs. The bare minimum is Rs 100.

What is NSC Calculator?

A user can determine the future value or the maturity proceeds of the money invested in NSCs with the use of an NSC calculator. Simply enter the amount invested and the current interest rate (7.7%), and the calculator will provide the NSC's maturity value after five years.

The interest earned from the investment made in the NSC compound over the years until maturity. Hence, the returns from NSC investment can be calculated using the compound interest formula. The formula to calculate the final maturity value in NSC is:

A = Eventual worth value of the maturity

P = Initial invested amount

r = Rate of interest provided

n = number of years, i.e. the maturity period

One lakh rupees invested in an NSC at a 7.7% interest rate, for instance, will yield 1,44,903 rupees when it matures. That is, at the conclusion of the fifth year.