Can I take a loan against NSC?

Yes — most banks accept NSC as collateral for personal loans, typically at 0.5–1% above their base lending rate. Pledging is done by transferring the certificate to the bank with the postmaster's endorsement.

NSC Calculator

Compute the NSC (VIII Issue) maturity value at the currently notified Government rate.

Investment amount(₹)1,00,000

NSC notified rate(% p.a.)7.70

Principal

₹1,00,000

Interest earned over 5 years

₹44,903

Maturity value (after 5 years)

₹1,44,903

NSC has a fixed 5-year tenor with annual compounding. The notified rate is reset every quarter.

// about this calculator

National Savings Certificate (NSC VIII Issue) is a sovereign-guaranteed small-savings instrument with a 5-year fixed tenor. Investments qualify for Section 80C deduction up to ₹1.5 lakh, and accrued interest (other than the final year) is deemed reinvested — also eligible for 80C in the year it accrues.

// frequently asked questions

Yes — NSC interest is fully taxable as 'Income from Other Sources'. However, since it is reinvested in years 1–4, you can claim it as a fresh 80C deduction in each of those years.