National Savings Certificate calculator: How much can you get by investing Rs 1 lakh to Rs 1 crore? | NSC interest rate

National Savings Certificate (NSC) Calculator: The Post Office National Savings Certificate (NSC) small savings scheme is a fixed-income certificate investment plan that delivers a guaranteed return to investors after a five-year maturity period.

As per the latest interest rates announced by the Government, depositors will benefit from steady income growth at 7.7 per cent per year, which will be compounded annually, and hence, they need not worry about any market fluctuations in the economy.

National Savings Certificate: How to open NSC account?

In order to open a National Savings Certificate account, investors need to deposit a minimum amount of Rs 1,000 with no maximum limit and thus have the luxury to invest as much as they want to, but in multiples of Rs 100. 

This means that the investor can even open an account, which can range from Rs 1,000 to Rs 1 lakh or even Rs 1 crore in this investment plan.

National Savings Certificate (NSC) Calculator: How to invest in the small savings scheme?

Before all else, one needs to know a few basic details related to the NSC Small Savings Scheme — questions like "What are the criteria for opening an account? How many accounts can one hold under this scheme? What are the rules related to premature closure?"

And most importantly, how much return one can expect from their investment, which can range from Rs 1,000 to Rs 1 lakh or even Rs 1 crore. Let's dive right into it—

National Savings Certificate (NSC) Calculator: Who is eligible to open an account? Eligibility

According to the India Post website, any single adult, a guardian on behalf of a minor, or a person with psychiatric disabilities can open an account. Along with that, a minor over the age of 10 can open an account in their own name, or a joint account can also be opened with up to three adults.

National Savings Certificate (NSC) Calculator: Minimum and maximum investment amount one can deposit

In order to open an account, one needs to deposit a minimum of Rs. 1,000 with no maximum limit, but the investment should be in multiples of Rs 100. Also, any number of accounts can be opened under the scheme.

National Savings Certificate (NSC) Calculator: Can an investor claim tax benefits?

Yes, the deposits do qualify for deduction under Section 80C of the Income Tax Act.

National Savings Certificate (NSC) Calculator: Maturity Period and Premature Closure

The NSC deposits have a maturity period of five years from the date of the deposit. However, NSC can not be prematurely closed before the maturity period; expect under the following conditions—

• On the death of an account holder for a single account or any or all the account holders in a joint account.
• If a pledgee who is a gazetted officer forfeits
• On the order of the court.

National Savings Certificate (NSC) Calculator: Are the accounts transferable in the scheme?

Transferring NSC between individuals is only possible under the following circumstances.

• To the nominee or legal heirs upon the account holder's death.
• To the joint holder(s) upon one of the account holders' deaths.
• As directed by the court.
• Following an account pledge to the designated authorities.

National Savings Certificate (NSC) Calculator: Calculations of return on investment ranging from Rs 1,000 to Rs 1 crore after 5 years lock-in period

• If one invests Rs 1,000 in the NSC scheme, they will get a total interest amount of Rs 449, totalling Rs 1,449.
• If one invests Rs 10,000 in the NSC scheme, they will get a total interest amount of Rs 4,490, totalling Rs 14,490.
• If one invests Rs 1 lakh in the NSC scheme, they will get a total interest amount of Rs 44,903, totalling Rs 1,44,903.
• If one invests Rs 10 lakh in the NSC scheme, they will get a total interest amount of Rs 4,49,034, totalling Rs 14,49,034
• If one invests Rs 20 lakh in the NSC scheme, they will get a total interest amount of Rs 8,98,068, totalling Rs 28,98,068.
• If one invests Rs 30 lakh in the NSC scheme, they will get a total interest amount of Rs 13,47,101, totalling Rs 43,47,101.
• If one invests Rs 40 lakh in the NSC scheme, they will get a total interest amount of Rs 17,96,135 totalling Rs 57,96,135.
• If one invests Rs 50 lakh in the NSC scheme, they will get a total interest amount of Rs 22,45,169, totalling Rs 72,45,169.
• If one invests Rs 60 lakh in the NSC scheme, they will get a total interest amount of Rs 26,94,203, totalling Rs 86,94,203.
• If one invests Rs 70 lakh in the NSC scheme, they will get a total interest amount of Rs 31,43,237, totalling Rs 1,01,43,237.
• If one invests Rs 80 lakh in the NSC scheme, they will get a total interest amount of Rs 35,92,270, totalling Rs 1,15,92,270.
• If one invests Rs 90 lakh in the NSC scheme, they will get a total interest amount of Rs 40,41,304, totalling Rs 1,30,41,304.
• If one invests Rs 1 crore in the NSC scheme, they will get a total interest amount of Rs 44,90,338, totalling Rs 1,44,90,338.

All the returns on investments are for a five-year maturity period at an interest rate of 7.7 per cent compounded annually.