Here is the exact formulae that let you calculate the investment exactly on National Savings Certificate use, where the NSC maturity of 5 years or 10 years provides a tax benefits and interest on the amount deposited.
The amount earned from interest on the total investment, can be calculated using this NSC formula, and this formulae allows an individual to plan for investment by filling the required details and also can find out the amount once met maturity.
National Savings Certificate Calculation (NSC Calculator Formula)
- NSC Maturity Value = P*(1+r/200)2n
Here
- P= Investment Amount
- r= Interest Rate
- n= Number of Years
Using the above formula, one can find the value of amount after meeting full interest and principal amount invested.