Your table show the total interest as 50.90 and 134.35 (maturity value 150.90 and 234.35). Hi Sanjay, The interest rate of the National Savings Certificate scheme changes periodically as per the Finance Ministry’s decision. 3k /month or 36k/year) then how much money will i get on maturity. NSC Calculator helps you to calculate interest earned from National Saving Certificate. 9811230810; e-mail address: dr.das41@gmail.com. Once you purchased the NSC, the rate of interest will be same for the full holding period. 10000/- for 5 years at the rate of 8.10% (compounded six monthly) comes to Rs. 01/07/2020), Period (in No. ??? Hi Pabitra, You are tight, it is corrected. Kindly let me know the interest calculation for FY 2017-18 and subsequent years. Dear Sir, What about NSC purchased during the year of 2017, i. e. On 21st March, 2017? Maturity Amount Rs 147614 24370 is the total interest for all five years will be taxable “in the fifth year” so as to remove doubts about interpretation oh this sentence .Your comments in this connection may please be communicated. Take a look. DA to Pensioners-August 2019 to January 2020. Sir, Here Rs. Today how much interest is being payable to me. What will be the maturity value of Rs 30,000 NSC after 5 years? 100) NSC VII 01/04/2012 to 31/03/2013 ( Rate per Rs. Income Tax Calculator FY 2017-18(AY 2018-19). The minimum investment should be Rs 100. However the interest given on for such period is interest as per saving account. Also she doesn’t have any date of birth proof. Given below is the NSC interest rate chart that compiles the quarterly interest rates from 2018 to 2020. Before that rates were 8%. However the interest given on for such period is interest as per saving account. 01 July 2020. Hi, or should it be (74370-50000)=24370??? Hello, Below chart represents all history of national savings certificate interest rates. NSC account in post office will give you an interest rate of 8% per annum, compounded annually and payable at maturity. 8.83 at the end of 2nd year, Rs. Your Xcel sheet asks for password if I try enter year and interest rate. You can invest as early as possible the return will be same. 1. The following table shows the NSC calculator Interest rate at year zero and the amount earned on Rs. The rate were changes from 1.12.2011 to 8.4%. Please guide on the correct method of calculation. It reads on my certificate interest should not exceed ₹16010 which works out to be 8% at issue but your table suggests otherwise 8.4%. 5,675/-, Nagindas Shivlal Gandhi (Surendranagar, Gujarat). After calculation, you will get the Maturity Amount of your National Savings Certificates (NSC) after the maturity period and Effective yield in %. of Months i.e. Can you help me in this? 9.55 at the end of 3rd year and so on. in calculation example 2 , total interest is as u wrote is 74370..is it correct. 8.00 compounded half yearly. The investment is INR 5,00,000. Current interest rate on national savings certificate (NSC) is 8.0% for time duration of 5 years. 50,000 x 11.35% = Rs. Thanks, currently my age is 51 and I am working in private organisation. I am Chartered Accountant by Profession and I love to write on tax & money matters. Yours faithfully, Annual). Total amount can be calculated. Further if i reinvest the interest and take it forward for another 5 years (same amount of money,i.e. 14873.76, where as the Post Office Department’s maturity value comes to Rs. No of years 5 14761/- thus a difference to Rs. I shall remain obliged to you. Sir I invested an amount of Rs 30,000 in a branch post office on 3.10.2016. What would be the ideal period to get maximum benefit. Income Tax Rates-Financial Year 2016 … Gratuity Calculator. 50,000 x 11.35% = Rs. Hi Harish, I have certificates printed as NSC VIII issue 6 year’s certificate issued on the 10.12.2011. 144.23 at the maturity. Deposit Interest Rates-Public sector Banks, Deposit Interest Rates-Private Sector Banks, Dearness Allowance Chart- November 2019 to January 2020, Bank Dearness Allowance formula and Calculation, Latest RBI Policy Rates:Repo Rate,Bank Rate,CRR,SLR. There is no maximum limit on the purchase of NSCs. The other popular investment options under this category are Equity Linked Savings Schemes (ELSS), National Pension System (NPS), Public Provident Fund (PPF) and Tax-saving Fixed Deposits (FD). What will be the maturity value of 5years NSC for Rs30,000 invested on 3.10.2016 ? Also let me know whether I have to show the interest accrued every year in my IT return or can show only in the fifth year (after maturity) .Which will be better? 6012. I purchased NSC on 01 jun 2019 with intt rate @ 8%, should I show interest in tax return for FY 2019-20 if yes than how much OR should I show from FY 2020-21, Your email address will not be published. The NSC Interest Rate calculator calculates the maturity amount. 100) NSC … How dows that work? NSC Tax Calculator - Calculates the interest amount and shows how much you can claim each year when producing your tax return. Amount Rs 100000 of Months i.e. You can calculate the interest with the help of above table and accordingly calculate the 80C deduction. This Online NSC Calculator is designed for calculating the maturity value of National Savings Certificates (NSC) invested in the Post Office for a period of 5 years. Your email address will not be published. Can i transfer the amount on NSC if yes will i get tax exemption on having invested in KVP as well as NSC. I m 67yr old. The present rate is 4% p.a.”, Good article and thanks for sharing. ? My National Savings Certificate (NSC) is lost or destroyed, now what to do? 8.16 at the end of 1st year, Rs. Download Updated NSC Interest Rate Calculator in excel format which calculates NSC Interest for all the years. As per India Post maturity value for Rs.100 denomination is 151.62 and 236.60 respectively. Sir, I have purchased Nsc for Rs. Kindly provide the same table for KVPs. In view of the changes in NSC Period and interest rate vide Notification [F.No. F. NO. Plan your investment based on the amount and tenure. Tells you the total amount you have invested. If NSC is purchased in August 2017 for FY 2017-18 will any interest accrue Your email address will not be published. What amount should be taken into account for 80-C purposes. interest is only taxable. Will it be Rs 44,622 or Rs 44080 or something else? The present rates are 8% compounded half yearly. .and maturity value. The interest earned is INR 1,98,514.45. Parsottam Kacha, Hi..sir, I wish to invest Rs.1 lakh in Nsc for tax exemption under 80 c.what is rate of interest. In my case i have started purchasing NSC of 3k from Nov 16 on monthly basis (36k yearly) and would like to continue this for next 5 years. Income Tax. I just came across your NSC interest calculating chart. Date of purchase 19.1.15 V years amount Rs.10000 MV Rs 15090 As of 2020, NSC interest rates are 6.8% (Apr to Jun) (Click for latest interest rate for NSC) The good thing about NSC is unlike PPF or Sukanya Samriddhi once invested the interest rate remains unchanged over the tenure of the deposit. However kindly incorporate the current interest rate in the calculator. An online NSC calculator is a beneficial tool, which shows the estimated returns you will earn after the investment tenure. NSC Interest Rate Chart I have curated a list of the last 5 years of NSC interest rates. If I keep for 5 years, I need not to pay tax for 5 years. National Savings Certificates (NSC) Calculator is a general-purpose calculator used for calculating the maturity amount of National Savings Certificates (NSC) invested in Post Office for a specified period of 5 years. Thanks for your appreciation and pointing our the errors, I will look into it and rectifiy it. 1-13/2011-NS-ii], dated 29-11-2011 , we have prepared a new calculator and uploaded the same for your reference. SO your Rs. The 10 years NSC is discontinued now. The maturity value of NSCs amounting to Rs. NSC Calculator An investment scheme that can be opened at any post office across India is the National Savings Certificate (NSC). 48.74% is the total interest you will receive after five years. Pls tell its confusing, Make it user friendly by allowing user to Hello, It is not difficult. This NSC Calculator requires some data like – Your NSC Deposit Amount, Rate of Interest (current interest rate for NSC is 6.8% w.e.f. In this case, the maturity value is INR 6,98,514.45. After calculation, you will get the Maturity Amount of your National Savings Certificates (NSC) after the maturity period and Effective yield in %. NSC Calculator (National Saving Certificate) The interest earned on NSC is compounded annually and can be calculated using the compound interest formula: NSC Maturity Amount = Amount Invested * (1 + Interest Rate) ^ 5. 01/07/2020), Period (in No. The investment includes the amount of NSC purchased and the interest reinvested during the year. Matured amount is Rs. How to encash National Savings Certificate (NSC). How do we Read here Compounded Interest Formula with Example, Suppose you have invested Rs. As National Saving Certificates (NSC) is proving tax benefit up to 150000 rupees it is mainly used for income tax saving. May I comment for any future queries? calculate the accrued interest for FY 2017-18? you need to invest by 31st march 2017 to save tax for year 2016-17. you can not withdraw it before 5 years. Following are the steps to calculate the FD returns through this NSC calculator: It helps you become financially disciplined and create a habit of savings that can benefit you in the future. Pension and Commutation Calculator with Work sheet. The tenure of the scheme is 5 years and the rate of interest is 6.8% p.a. Please let me know how much interest aacrued on Nsc( i.e from 05.04.2018 to 31.03.2019) to be shown in income for the fY 2018-19. or I cannot taken interest amount from 05.04.2018 to 31.03.2019in income because one year of purchase will be completed on 05.04.2019Hoping for early guidence from your side. I had purchased nsc for a sum of Rs. The income for fifth year will be Rs. And It also help in making decision of investment in National Saving Certificates. Disclaimer:The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. Read here full details on National Saving Certificate. Nagindas Shivlal Gandhi (Surendranagar, Gujarat) says. Then after five years as per above table you will receive 50000 x (1+48.74%) = 74,370/-.