Rate of NSC Interest
Rate of NSC Interest
National Savings Certificates (NSC) are certificates issued by Department of post, Government of India and are available at all post office counters in the country. This scheme is specially designed for Government employees, Businessmen and other salaried classes who are IT assesses. It is a long term safe savings option for the investor. Trust and HUF cannot invest. The scheme combines growth in money with reductions in tax liability as per the provisions of the Income Tax Act, 1961. The duration of a NSC scheme is 6 years.
| Year | After 28.2.03 |
| 1st Year | 8.16 on 100 INR |
| 2nd Year | 8.83 on 100 INR |
| 3rd Year | 9.55 on 100 INR |
| 4th Year | 10.33 on 100 INR |
| 5th Year | 11.17 on 100 INR |
| 6th Year | 12.08 on 100 INR |
| Total | 60.12 on 100 INR |