Know Rate of Accrued Interest on NSC (National Saving Certificate)

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NSC VIII Issue
Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses.
1. No maximum limit for investment.
2. No Tax deduction at source.
3. Certificates can be kept as collateral security to get loan from banks.
4. Investment up to INR 1,00,000/- per annum qualifies for IT Rebate under section 80C of Income Tax Act.
5. Trust and HUF cannot invest.
6. Rate of interest 8.60%.
7. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 152.35 after 5 years.
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NSC IX Issue
1. No maximum limit for investment.
2. INR. 100/- grows to INR 234.35 after 10 years.
3. Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.
4. A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
5. Rate of interest 8.90%.
6. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 238.87 after 10 years.
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Buy National Savings Certificates (NSCs) every month for Five years – Re-invest on maturity and relax - On retirement it will fetch you monthly pension as the NSC matures.
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NSC Accrued interest rate year wise from 01.03.2003 to 01.04.2012 onwards