National Savings Certificate (NSC) Calculator

NSC is a government-backed low-risk tax-saving investment certificate offered by India Post, compounding annually for 5 years.

The minimum investment is ₹1,000 (and in multiples of ₹100). There is no maximum investment limit or ceiling on purchasing NSCs.

NSC interest is compounded annually and is paid out in a lump sum along with the principal at the time of maturity after 5 years.

No, NSC interest is taxable under "Income from Other Sources". However, since the interest earned in the first 4 years is automatically reinvested, it is eligible for tax deduction under Section 80C, effectively making it tax-free for those years if your total 80C limit is not exhausted.

Premature withdrawal is not allowed under normal circumstances. It is permitted only on the death of the holder, forfeiture by a pledgee, or on a court order.

Yes, an NSC can be transferred from one person to another. However, this transfer can only be done once from the date of purchase, and requires post office approval.

Yes. Banks and financial institutions allow you to pledge your NSC certificates as collateral to obtain secured loans.

No, Non-Resident Indians (NRIs) are not eligible to purchase new NSC certificates. However, if a resident becomes an NRI after purchasing a certificate, they can hold it until maturity.

Yes, if you have a post office savings bank account with internet banking active, you can purchase NSC certificates online through the DOP Internet Banking portal.

Once the 5-year tenure is complete, the maturity proceeds are paid out to the certificate holder. Post offices do not automatically reinvest mature certificates.