Description

NSC works by applying the principles of compound interest to the initial investment amount over the chosen period. The NSC interest is compounded annually, meaning interest is calculated and added to the principal every year, increasing the base amount for the next interest calculation. The fixed annual interest rate offered by the government on the NSC. This rate is typically revised quarterly by the government and may vary slightly from time to time.

The formula for NSC Calculator:

P Principal amount.

r Annual rate of interest.

n Time period.

Advantages

• It instantly computes the maturity amount and interest, saving you time.
• Ensures precise calculations based on the current interest rate and tenure.
• Provides clear insights into your returns, aiding in better financial planning.
• User-friendly and doesn't require complex formulas, making it accessible to all.
• Helps compare different investment scenarios based on varying amounts and time periods.