National Savings Certificate Calculator, Interest Rate | Post Office NSC Scheme (Hindi)
In this video by FinCalC TV we will see National Savings Certificate Calculator and Interest Calculation along with interest rate in hindi. Post office NSC or national saving certificate is the saving scheme with 5 years tenure that helps you to get yearly compounding for 5 years.

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NSC FEATURES AND BENEFITS
- NSC full form is National Saving Certificates
- These are the certificates that can be issued in Post Office for a fixed term of 5 years
- NSC certificates helps you to save income tax under Section 80C, apart from other options like PPF (Public Provident Fund), 5 year fixed deposits, etc.
- You can claim maximum of Rs. 1.5 lakh in section 80 C to save income tax with Old Tax Regime
- The current interest in NSC (National Saving Certificate) is 7.7% annually
- We get yearly compounding for NSC interest calculation. Which means the interest earned for the first year wil be added to our deposits in second year, and we earn more interest on this interest
- Minimum amount you can invest in NSC is Rs. 1000 and in multiple of 100 after Rs. 1000
- NSC certificates are physical certificates having the details amount investment amount, interest rate, tenure and maturity amount
- You can get the maturity amount encashed or transferred in bank account after maturity. Failing to do so will help you earn interest for next 2 years at post office savings account interest rate, post which you will not earn any interest
- The interest portion of maturity amount in NSC is taxable as per your tax slab rates

HOW MUCH I WILL GET IN NSC AFTER 5 YEARS?
You can easily use the FinCalC NSC Calculator above to know the interest of your NSC Certificates. Below are the NSC interest on various investments for a period of 5 years at 7.7% annual interest rate:

Deposits (Rs.) Total Interest Earned Maturity Amount
Rs. 5,000 Rs. 2,245 Rs. 7,245
Rs. 10,000 Rs. 4,490 Rs. 14,490
Rs. 15,000 Rs. 6,736 Rs. 21,736
Rs. 20,000 Rs. 8,981 Rs. 28,981
Rs. 25,000 Rs. 11,226 Rs. 36,226
Rs. 30,000 Rs. 13,471 Rs. 43,471
Rs. 35,000 Rs. 15,716 Rs. 50,716
Rs. 40,000 Rs. 17,961 Rs. 57,961
Rs. 45,000 Rs. 20,207 Rs. 65,207
Rs. 50,000 Rs. 22,452 Rs. 72,452
Rs. 1,00,000 Rs. 44,903 Rs. 1,44,903
Rs. 1,50,000 Rs. 67,355 Rs. 2,17,355

NSC INTEREST RATE ON EXISTING NSC CERTIFICATES
We know that interest rate is subjected to change every quarter, but what happens to existing NSC on going for 5 years?

So the interest rate at which NSC was issued will be fixed throughout the tenure. The interest rate change every quarter will not impact the existing NSC certificates. Only the new certificates issued will have the updated interest rate applicable.

IS NSC BETTER THAN FD?
Whether NSC (National Saving Certificates) is better than FD (fixed deposits) depends on your goal.

For your goals of below 5 years tenure, FD is better since it will help you to achieve goal within 5 years and NSC lock in period is 5 years minimum.

For goals of 5 years, you can always compare the NSC interest with FD interest using the FD calculator.

Note that FD gives us quarterly compounding compared to NSC which gives yearly compounding. This factor can help us gain more interest in FD provided the interest rates in both schemes are same.

For 5 years tenure, NSC interest rate is 7.7% and fixed deposit interest rate is 7.5% in post office. On Rs. 1 lakh of investment, we get Rs. 44,995 as total interest in FD and Rs. 44,903 as total interest in NSC.

#NationalSavingCertificate #NSC #InterestRate #Calculator #fincalc

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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.

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