Small savings
What a National Savings Certificate is worth after five years. Interest is compounded once a year, rounded to the nearest rupee, and paid at maturity.
Finfod Research DeskUpdated 1 Nov 2026How we check
Maturity₹1,44,903
The smallest certificate is ₹1,000. There is no maximum on this page.
7.7% is the current National Savings Certificate rate for 1 October 2026 to 31 December 2026. Interest is compounded once a year and paid at the end of 5 years.
Maturity after 5 years
Interest over five years is ₹44,903. Each year is rounded to the nearest rupee and added to the balance. You receive it at maturity.
Paid at the end, not each year
Years 1 to 4, under Section 123. This form does not apply the shared cap.
Interest is taxable in the year it is added. Year 5 is not treated as reinvested.
The link keeps the numbers on this page.
Sources: Ministry of Finance: small savings rates, OM 30 September 2026 · Income-tax Act, 2025 (Income Tax Department)
You buy the certificate and leave it for 5 years. Interest is added once a year and paid with the deposit at the end. Each year’s interest is rounded to the nearest rupee. The smallest amount is ₹1,000. There is no maximum on this page.
7.7% is the current National Savings Certificate rate for 1 October 2026 to 31 December 2026. The rate is on the small-savings card. A certificate uses the rate for the quarter you buy it.
₹1,00,000 at 7.7% grows to ₹1,44,903. Interest is ₹44,903. Year by year, the interest is ₹7,700, ₹8,293, ₹8,931, ₹9,619, ₹10,360.
In the old regime, the first four years are treated as reinvested under Section 123 (this was Section 80C). That is ₹34,543. Section 202 does not allow it, so the same certificate in the new regime still matures at ₹1,44,903 but the reinvested figure is ₹0. The shared cap is ₹1,50,000. This form does not apply it. Year 5 is taxable and is not reinvested. The section 123 guide lists what else shares the cap.
A certificate that doubles on a set date is the KVP calculator. A bank deposit is the FD calculator. A 15-year account is the PPF calculator. These sit with saving and investing and government schemes.
This is an estimate for learning, not a passbook and not advice. Read the disclaimer.
No. Interest is taxable in the year it is added to the certificate, even though you receive the money only at maturity. The fifth year’s interest is not treated as reinvested.
In the old regime, the interest of the first four years is treated as reinvested under section 123. That was section 80C. Section 202 does not allow it. This form does not apply the shared ₹1.5 lakh cap.
Maturity of a PPF account from a yearly deposit, with the 15-year term and optional 5-year extensions.
Maturity of a fixed deposit for years, months and days, with compounding or an interest payout, and tax.
When a Kisan Vikas Patra doubles, the maturity date, and the amount if it is closed after two and a half years.
PPF is 7.10% and Sukanya Samriddhi is 8.20% for this quarter.
The complete section 123 list for FY 2026-27, still called 80C on older papers. One ₹1.5 lakh cap, and only if you leave the new tax regime.
