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NSCSavings
National Savings Certificate (VIII Issue)
Current interest rate
7.7% p.a.
Rates valid for Q3 2026-27 (Oct-Dec)
A fixed income investment scheme that you can open with any post office. A widely preferred tax-saving instrument.
Key details
- Minimum deposit₹1,000
- Maximum depositNo limit
- Tenure5 Years
- CompoundingAnnually
- Tax benefitsTax rebate under Section 80C
Features and benefits
- Interest compounded annually but payable at maturity
- Can be used as collateral for loans
Tax & inflation view
Tax regime
- Tax saved via 80C (total)
- ₹20,000
- Tax on interest
- -₹8,981
- Post-tax value
- ₹1,35,923
- In today's money
- ₹1,06,499
Estimate only. Excludes surcharge and cess; interest is taxed in the year it accrues.
NSC calculator
1 lakh
₹1K₹50L
Duration (years)
5 years Fixed tenure
Total invested
₹1,00,000
Total interest
₹44,903
Maturity value
₹1,44,903
Year-by-year growth
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,00,000 | +₹7,700 | ₹1,07,700 |
| 2 | ₹1,07,700 | — | +₹8,293 | ₹1,15,993 |
| 3 | ₹1,15,993 | — | +₹8,931 | ₹1,24,924 |
| 4 | ₹1,24,924 | — | +₹9,619 | ₹1,34,544 |
| 5 | ₹1,34,544 | — | +₹10,360 | ₹1,44,903 |
Maturity value · 5 years
₹1,44,903
Total interest
+₹44.9K