NSC Post Office Interest RatesThe Post Office NSC interest rate is 6.8%, same as mentioned before. It doesn’t matter where you open your NSC account, be it any post office or any authorized bank, the NSC interest rate shall be the same across the country.Post Office Saving Schemes
NSC Interest Rates: CompoundingThe interest earned on your National Savings Certificate account is compounded on an annual basis. This means that the interest is added to the investment every year, thus increasing the original investment amount on an annual basis.
How to Calculate NSC Interest Rate?The NSC interest rate can be calculated by the NSC calculator, which is an online financial tool that helps in calculating the total earning on the invested amount in the NSC at the time of maturity. An investor will receive the interest earned after the completion of 5 years of the scheme.The NSC calculator helps the investor to attain a quick result of the amount receivable after the completion of five years with no manual calculation involved.The following steps need to be followed to calculate the maturity value that an investor can receive at the end of NSC tenure.
- Add the date of purchase of the NSC
- Add the total amount of investment made
- The maturity period of 5 years will automatically be added as it is fixed in NSC
- Add the current rate of interest (6.8%)
- After entering the above details, click on calculate
- The maturity amount will be computed
National Saving Certificate Interest Rate: Historical DataThe chart given depicts the history of the national savings certificate:
|Period||VIII Issue||IX Issue|
|Upto 30-Nov-2011||8.00%||Not Available|
|01-Dec-2011 to 31-Mar-2012||8.40%||8.70%|
|01-Apr-2012 to 31-Mar-2013||8.60%||8.90%|
|01-Apr-2013 to 19-Dec-2015||8.50%||8.80%|
|20-Dec-2015 to 31-Mar-2016||8.50%||–|
|01-Apr-2016 to 30-Sep-2016||8.10%||–|
NSC Interest Rates: FAQs
The current NSC 5 years interest rate is 6.8%.
NSC interest rates are fixed (by the government). The rates are revised every 5 years.
Yes, the interest rate on NSC is taxable. For taxation, the investor should add it to taxable income every year.
One way is by showing the interest earned under the category of income earned. Another way is to claim the deductions for interest earned on NSC every year and not show it as income.
Yes, NSC has a lock-on period of five years.