{"id":236784,"date":"2024-07-14T10:11:33","date_gmt":"2024-07-14T10:11:33","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=236784"},"modified":"2024-07-14T10:11:33","modified_gmt":"2024-07-14T10:11:33","slug":"how-to-calculate-maturity-value-of-nsc","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-to-calculate-maturity-value-of-nsc\/","title":{"rendered":"How to calculate maturity value of NSC?"},"content":{"rendered":"

National Savings Certificates (NSC) are a popular savings scheme offered by the government of India to encourage small savings. The maturity value of an NSC can be calculated using a simple formula. The formula used for calculating the maturity value of an NSC is:<\/p>\n

Maturity Value = Principal Amount * (1 + Interest Rate) ^ Number of Years.<\/p>\n

Interest on NSC is compounded annually, and the interest rate is fixed at the time of investment. To calculate the exact maturity value, you need to know the principal amount, the interest rate, and the number of years for which the NSC has been held. By plugging these values into the formula above, you can easily calculate the maturity value of your NSC.<\/p>\n

Here’s an example to illustrate how to calculate the maturity value of an NSC:<\/p>\n

Suppose you invest Rs. 10,000 in an NSC with an interest rate of 7.5% per annum. If you hold the NSC for 5 years, the maturity value can be calculated as follows:<\/p>\n

Maturity Value = Rs. 10,000 * (1 + 0.075) ^ 5 = Rs. 14,077.63.<\/p>\n

Therefore, the maturity value of the NSC after 5 years would be Rs. 14,077.63.<\/p>\n

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