There are multiple questions regarding NSC (National Savings Certificate) that includes NSC Calculator Excel availability, latest interest rate on NSC and how to calculate interest on NSC which can be easily done using NSC Calculator excel provided!
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.
You can download NSC Calculator Excel using the download link provided at the bottom of this article.
But first, Watch this video to understand NSC Interest calculation.
NSC Calculator Excel Video

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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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 7% for Jan 2023 to March 2023 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.
ALSO READ: Fixed Deposit Calculator Excel [VIDEO]
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 7% 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.
Below is the screenshot from NSC Calculator Excel

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DOWNLOAD NSC EXCEL CALCULATOR
Download NSC Calculator Excel using above link
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Income Tax Calculator App – FinCalC
For Income Tax Calculation on your mobile device, you can Download my Android App “FinCalC” which I have developed for you to make your income tax calculation easy.
What you can do with this mobile App?
- Calculate Income Tax for new FY 2022-23 and previous FY 2021-22
- Enter estimated Investments to check income tax with Old and New Tax Regime
- Save income tax details and track regularly
- Know how much to invest more to save income tax
- More calculators including PPF, SIP returns, Savings account interest and lot more

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