National Saving Certificates (NSC) is one of best savings bond provided by Indian Government Savings Bond. As National Saving Certificates (NSC) is proving tax benefit up to 150000 rupees it is mainly used for income tax saving. Dailytools provides one of best tool available online for calculating nsc interest rate. Time to time interest rates of National Saving Certificates (NSC) is changed, keeping that thing in mind we have designed calculator.

National Savings Certificate Calculator

How to use Dailytool's National Saving Certificate (NSC) calculator?

National Saving Certificate (NSC) is great scheme from government of india. Previously NSC bonds are available in two types.

  • VIII Issue
  • IX Issue

From 20-Dec-2015 on-wards government is issuing only VIII type bonds. Before we dive into how to use nsc calculator, let's understand some basics. National Saving Certificate (NSC)'s type VIII bond have maturity period of 5 years and type IX bond have maturity period of 10 year. However, earlier versions (up to 30 nov 2011) of National Saving Certificate (NSC) type VIII bond had maturity period of 6 years.

Dailytool's National Saving Certificate (NSC) Interest Calculator

Keeping all changes of National Saving Certificate (NSC) in mind, we have designed interest calculator such that you can calculate interest of any type of bond purchased at any time. You just needed to add investment amount and appropriate certificate type.

Let's take an example: Mr. X has purchased type VIII bond of national saving certificate (nsc) back in January 2012 for amount of 100000 rupees. In order to calculate maturity amount and total interest earned, you need to fill below information.

  1. In Investment amount field add total amount invested. In this case of Mr. X we enter amount 100000.
  2. Mr. X purchased National Saving Certificate (NSC) type VIII bond in Jan 2012, so in Certificate Type field, we need to select an option "VIII Issue, 1-Dec-2011 to 21-Mar-2012"
  3. After these information filled, you will be presented rate of interest and maturity duration for that National Saving Certificate (NSC) bond at that duration.
  4. Just perform calculation now, and you'll able to see maturity amount and total interest earned. You'll also see graphical representation for result summary.

Feature of National Saving Certificate (NSC)

  • This scheme has no maximum limit for investment.
  • Deposits under NSC qualify for tax rebate under Sec. 80C of IT Act.
  • No Tax deduction at source.
  • Certificates can be kept as collateral security to get loan from banks.
  • A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.