National Savings Certificates (NSC) is a small savings scheme run by the Department of Posts. NSC is a government scheme, and thus it is a very safe investment option.
National Savings Certificates (NSC) Calculator is general purpose calculator used for calculating maturity amount of National Savings Certificates (NSC) invested in Post Office at one time basis for a specified period of 5 or 10 years. National Savings Certificates are popular savings schemes offered by Post office. Post office usually offer relatively higher returns on NSCs than on savings or RD accounts with Income Tax Rebate under NSC – section 80C of IT Act.
This National Savings Certificates (NSC) Calculator requires some data like – Your NSC Deposit Amount, Rate of Interest (i.e 8.5% for 5 years NSC or 8.8% for 10 years NSC), Period (in No. of Months i.e. either 60 for 5 years NSC or 120 for 10 years NSC), interest Compounding Frequency (i.e. Annual). After calculation you will get the Maturity Amount of your National Savings Certificates (NSC) after maturity period and Effective yield in %.