NSC or National Savings Certificate is a fixed income scheme that can be activated at any Post Office branch all across India. This Government-backed project offers saving opportunities to individuals with low to moderate income and is completely risk-free. Let us understand NSC (National Savings Certificate) and NSC Calculator in detail.Read more
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
Invest For (in Years)
Stay invested for (in Years)
Expected rate of return (in %)
The Government of India provides investment and savings opportunities to individuals across all the sections as per their financial goals needs. One such low risk-taking savings product launched by the Government that offers a plethora of benefits is the National Savings Scheme (NSC).
The NSC comes with the following key features:
|Rate of Interest||6.8% per annum.|
|Maximum Investment||No limit|
|Lock-in Period||5 years|
|Tax Benefit||Exemption up to Rs.1,50,000 under Section 80C|
|Availability||At the nearest post office|
|Maturity||Full amount to be received at the time of maturity without any TDS payouts.|
|Premature Exit||Only available in special cases.|
National Savings Certificate Calculator is an online financial tool that helps in calculating the total earnings on the invested amount in the NSC at the time of maturity. An individual investing in NSC will receive the interest earned after the completion of 5 years of the scheme. In the National Savings Certificate scheme, the interest earned every year is reinvested in the scheme.
The NSC Calculator helps the scheme holder attain quick results of the amount receivable after the completion of 5 years with no manual calculations involved. Knowing the future receivable amount in advance can help the holder plan their financial goals accordingly.
To calculate the maturity value receivable at the end of the NSC tenure, the following details need to be entered on the NSC Calculator:
Step 1: Date of purchase of the National Savings Certificate
Step 2:The total amount of investment made
Step 3:The 5-year term is auto-filled as it is fixed in NSC
Step 4:The current rate of interest (6.8% is fixed currently)
Step 5:Enter the above-mentioned details and click calculate
Step 6:The maturity value will be computed
Manual calculations are difficult, time taking, and can be less accurate as compared to the use of the online calculator. Here are some main benefits of using the NSC Calculator in comparison to the manual calculation:
Only by entering a few basic details related to the NSC scheme on the NSC Calculator, one can compute the maturity value in no time. This quick online tool is an energy and time saver.
National Savings Certificate saves a lot of precious time and energy as compared to tedious manual calculations. Complex compounding calculations are performed in a blink of an eye on the NSC Calculator.
When compared to manual calculations, National Savings Certificate Calculator results are more accurate and easy with no mental stress involved.
The investor gets to know the future receivable amount after the completion of 5 years with the help of the NSC Calculator. This can help the investor plan their future financial goals accordingly.
As the NSC Calculator is free of cost, there is no limit on the usage of the calculator.
|Investment||Interest Rate||Lock-in Period||Risk Profile|
|(NSC) National Savings Certificate||6.80%||5 years||Low risk|
|(PPF) Public Provident Fund||7.10%||15 years||Low risk|
|(FD) Fixed Deposit||5.5%-7.75%||5 years||Low risk|
|(ELSS) Equity Linked Savings Scheme||12-15%||3 years||Market risks involved|
|(NPS) National Pension Scheme||8-10%||Till retirement||Market risks involved|
National Savings Certificate is a low-risk taking and secure product backed by the Government of India and hence is extremely reliable. Investors looking for low risking schemes along with portfolio diversification can opt for NSC that offers fixed decent returns after the completion of 5-year tenure.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ