Prakash Kochar & Co., Top Chartered Accountants in Tamil Nadu in India, Leading Auditors in Chennai, Top Management Consultants for SMEs, Retail Sector Experts, Income tax advice, Business process review

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

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