How this calculator works
The National Savings Certificate (NSC) is a government-backed fixed-income savings scheme with a fixed 5-year term. Interest is compounded annually at the current NSC rate, and the full maturity amount — principal plus accumulated interest — is paid out at the end of the 5 years.
The formula used is: Maturity value = Investment × (1.077) ^ 5, using the current 7.7% per annum rate compounded annually.
For example, an investment of ₹1,00,000 grows to approximately ₹1,44,903 at maturity — an interest gain of ₹44,903 over the 5-year term.
Current NSC interest rate
| Detail | Value |
|---|---|
| Interest rate | 7.7% per annum, compounded annually |
| Applicable for | Q1 FY 2026-27 (unchanged since April 2023) |
| Maturity period | Fixed 5 years |
| Minimum investment | ₹1,000 (no maximum limit) |
Small savings scheme interest rates, including NSC, are reviewed and can be revised by the government every quarter. This calculator uses the rate current as of Q1 FY 2026-27 — confirm the latest applicable rate before investing.
Shunya isn't a financial advisor — but if you're a founder or business owner who also needs help with company registration, GST, or tax filings, our CA team can help.
Talk to a CA →What is the current NSC interest rate?
7.7% per annum, for the Q1 FY 2026-27 quarter, unchanged since April 2023. Small savings scheme rates are reviewed and can be revised by the government every quarter.
What is the NSC maturity period?
It is fixed at 5 years for currently available National Savings Certificates.
Is NSC interest taxable?
Yes, but interest earned in years 1 to 4 is deemed reinvested and qualifies for a Section 80C deduction. The final year's interest is taxable without a further deduction.
What's the minimum NSC investment?
₹1,000, with no maximum limit.
This tool is for quick estimation and educational purposes only, not financial advice. Confirm the current NSC rate and terms at your nearest post office or bank before investing. For your specific situation, consult a practicing CA.
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