If you find it difficult to calculate Interest of NSC (National Savings Certificates), you can use our NSC calculator to calculate interest rate on NSC. NSC is good small saving option from Indian postal department. You can also buy NSC from Rs.100 to Rs.1000 (in multiple of Rs.500). You can by NSC from post office or now you can buy it online too. You can invest in NSC for 5 to 10 years and enjoy tax free return too.
Using NSC calculator, you can check the total return you will get after some time and this way you can start better investment. All you need to insert is total amount of NSC you bought, interest rate applicable (year wise interest rate is changed in NSC) and total years for money invested in. You will get the interest rate chart of NSC below;
NSC Interest Rate Chart 2016
|Year||NSC VII (2003 to 2011)||NSC VII (2011 to 2012)||NSC VII (2012 to 2013)||NSC VII (after 2013)||NSC IX (10 year from 2011)||NSC VII (after 1st April, 2016)|
So, if you have purchased NSC between 2003 to 2011, you will earn Rs.8.00 of interest every 6 months, and after 1st year, 8.83 on 2nd year, 9.55 on 3rd year. This way your interest earned in NSC will keep growing.
NSC Calculator for Interest calculation
For real compound interest calculation ,you can check out the below designed NSC calculator, by which you can calculate you interest earned in X years easily.