NSC Interest Calculation — Year-by-Year Breakdown
On ₹1 lakh NSC at 7.7%: Year 1 interest ₹7,700, Year 2 ₹8,293, Year 3 ₹8,932, Year 4 ₹9,620, Year 5 ₹10,358. Total interest ₹44,903. Each year's interest compounds but pays out only at maturity.
Principal Invested
₹1,00,000
Interest Earned
₹44,903
Maturity Value (5 yrs)
₹1,44,903
NSC VIII Issue: 5-year lock-in, compounded annually but payable at maturity. Current rate: 7.7% p.a. Investment qualifies for deduction under Section 80C up to ₹1.5L.
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Calculated with CalcHub