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National Saving Certificate NSC calculator, interest rates eligibility tax etc

National Saving Certificate

Eligibility
any Individual

Interest rate
8.0% (while Fixed deposit 6-7%)

How to open
at any post office

Investment Limit Per Year
100 to No limit but 1.5 lakh rebate under 80c every year.

Premature closing
in case of death

Maturity / Lock-in Period
5

Extension
buy another NSC

Tax Benefits
No tds, section 80c,

What is NSC & How Its works?
NSC is Just Like 5 years FD. NSC >> National Savings Certificate only available with Post Office. Gives Better than bank FD Returns and some extra Benefits in the form of reinvestment every year. and final year earned interest amount is taxable according to the slab. section 80c applicable for invested amount.

 
NSC Interest rates Year wise 2019

Period
Interest Rate

Q2 FY 2019-20
–

Q1 FY 2019-20
–

Q1 2018-19
7.6%

Q2 2018-19
7.6%

Q3 2018-19
8.0%

Q4 2018-19
8.0%

Adjusted every 3 months.

 
National Savings Certificate Tax Benefits
ETE status:

Interest earned is taxable just like FD. But You can reclaim as Invest up to the 4th year under section 8oc.

Final year income added your ITR as income from other sources.

NO TDS: While Fixed deposits deduct the TDS if the Interest in a financial year reaches its threshold 40,000 (AY 2019-20)
NSC Eligibility who can buy National Savings Certificate?
Only Individuals of Resident Indians, Minor, Single or joint,

Trust & HUFs are not eligible to buy NSC Certificate, However, Karta of HUFs can buy on his/her name only.

 
How to buy national Savings certificate at Post Office?
 

  1. download NSC Application form here, or available at the nearest Post office or head post office.
  2. Fill the Form, Submit KYC,
  3. Pay the Certificate price in the form of cash* or cheque.
  4. Collect your NSC Certificate from the post office.
  5. after 5 years collect the Price with interest earned. don’t forget it add it to taxable income. if your income limit reached current financial year Income Tax Slab.

Documents required

  1. Recent Photograph
  2. cash/cheque
  3. ID Proof & address proof

NSC calculator

investment
interest rate
term years
return

100000
8
5
1,48,984

200000
8
5
 2,97,969

300000
8
5
4,46,953

400000

5,95,938

500000

7,44,922

1000000
8
5
14,89,845

compound annual interest rate 8%* may compound at 3 months

calculated through our compound interest calculator tool you may also try fd calculator.

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