Interest Accrued on National Saving Certificates

Amount of interest accruing on the certificate of Rs. 100 denomination

When NSC was purchased
First Year
Second Year
Third Year
Fourth Year
Fifth Year
Sixth Year
Seventh Year
Eighth Year
Ninth Year
Tenth Year
01-04-2012 to 31-03-2013
18.26
19.92
10.83
14.06
9.1
16.74
9.93
15.34
12.89
11.81
w.e.f. 01-12-2011 to 31-03-2012
10.54
11.48
9.68
13.61
16.13
17.57
12.5
14.82
19.13
8.89
on or after 01-04-2013*
15.08
10.68
8.99
19.52
13.83
12.69
11.64
17.91
16.43
9.8
* Discontinued with effect from December 20, 2015
National Saving Certificates (IXth Issue):- These certificates are issued with effect from December 1, 2011. Maturity period of 10 years and interest is accrued at the rate of 8.7 percent (8.9 percent if investment made on or after April 1, 2012) and 8.8 per cent(if investment made on or after April 1, 2013) which is compounded half yearly. However, interest is taxable on yearly basis according to the rates given above.
[As amended by Finance Act, 2022]