[VIDEO] NSC Excel Calculator| NSC Interest Calculation with NSC Interest Rate| National Saving Certificate

NSC or National Savings Certificate has gained popularity in recent years due to it's fixed returns and helping in Income Tax Savings. You can save up to Rs. 1.5 Lakhs and claim this same amount as deduction under Section 80C to save Income Tax.

NSC (National Savings Certificate) Calculator Video:

Here is a video that calculates interest in NSC using Excel Calculator:

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NSC Features

• National Savings Certificate (NSC) scheme is a fixed income scheme.
• It is one of the popular savings instruments in India.
• One can activate this scheme at any Post Office.
• NSC scheme is the Government of India initiative. Hence it guarantees returns.

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Some more features & Benefits of NSC:

NSC encourages small and mid-income investors to save.

Additionally, they can also get a Income tax benefit. NSC investments up to Rs 1.5 lakhs is exempt from tax under Section 80C of the Income Tax Act.

They come with a lock-in period of 5 years. NSC certificates earn fixed interests. The current rate of interest is 6.8% for Oct 2020 to Dec 2020 quarter. Like other fixed-income products PPF and Post Office FDs, NSC is also a secure and low-risk instrument. The minimum deposit is Rs 100. There is no maximum limit for investment in NSC. There is no TDS for NSC investments.

You may also Like: [VIDEO] PPF Excel Calculator | Public Provident Fund Calculator | PPF Interest Calculation

Types of NSC:

The two types of NSC certificates are NSC VIII Issue and NSC IX Issue. NSC VIII Issue – The VIII Issue comes with a maturity period of 5 years. The interest rate is 6.8% per annum. NSC IX Issue – The IX Issue comes with a maturity period of 10 years. This issue has been discontinued since December 2015. National Savings Certificates VIII Issue is an excellent scheme. The initial investment and the accrued interest for the first four years enjoy the benefit of Section 80C of Income Tax Act.

NSC Income Tax Saving Options:

Investment in NSC is eligible for tax exemption under Section 80C of the Income Tax Act. The interest earned during the tenure is added to the initial investment. It is qualified for tax exemption as well. Other tax-saving investments that qualify for Section 80C of the Income Tax Act are: Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme, Equity Linked Savings Scheme, National Pension Scheme, and Public Provident Fund.

You may Download NSC Excel Calculator: DOWNLOAD NSC EXCEL CALCULATOR

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Examples used in Videos and Excel Calculators are for Illustration purpose. The creator of this channel or blog shall not be held responsible in any way by the user of this channel or blog information. Seeking professional help before taking any decision is advised.