NSC Accrued Interest Rate Chart: Calculate NSC Interest Instantly

NSC Accrued Interest Rate Chart: National Saving Certificates (NSCs) are a common choice for investment due to their tax-saving and guaranteed return aspects. The article will discuss interest rates, the rate of accrual of interest, charts showing the value of return at maturity, charts showing pre mature withdrawal value as well as pre-encashment terms. Additionally, we will look into past and present NSC’s rates so that you can have an idea about what they might do financially.

NSC Interest Rates (Historical and Current) 2023

The current rate of interest on NSC is 7.7%. (w.e.f. 1-4-2023) – Check Latest Interst Rate Here

Issue Date Range	Interest Rate (%)	Compounding Frequency
From April 2023 Onward	7.7%	Yearly
W.e.f. 1-1-2023	7%	Yearly
April 1, 2020 – Dec 31, 2022	6.8	Yearly
July 1, 2019 – Mar 31, 2020	7.9	Yearly
Oct 1, 2018 – June 30, 2019	8.0	Yearly
Jan 1, 2018 – Sep 30, 2018	7.6	Yearly
July 1, 2017 – Dec 31, 2017	7.8	Yearly
April 1, 2017 – June 30, 2017	7.9	Yearly
Prior to April 1, 2016	Varies	Half-yearly

NSC Calculator: Calculate NSC Interest & Maturity Amount

Interest Accrual Table for NSC (Rs. 100/1000 Denomination)

Here’s the provided information organized in a clearer format: The amount of interest accuring on a certificate of Rs. 100 and Rs.1000 is as follows:

Change in Minimum Investment Amount for NSCs: Effective from 12.12.2019, the minimum investment amount for National Savings Certificates (NSCs) has been revised to Rs. 1000. Prior to 31st March 2016, the minimum investment amount was Rs. 100.

Year	I	II	III	IV	V
Certificates issued from 1.4.2017 to 30.6.2017	7.90	8.52	9.20	9.93	10.70
Certificates issued from 1.7.2017 to 31.12.2017	7.80	8.41	9.06	9.77	10.55
Certificates issued from 1.1.2018 to 30.9.2018	7.60	8.18	8.80	9.47	10.19
Certificates issued from 1.10.2018 to 30.6.2019	8.00	8.64	9.33	10.08	10.88
Certificates issued from 1.7.2019 to 11.12.2019	7.90	8.52	9.20	9.93	10.70
Interest Accrued of Rs. 1000 (w.e.f. 12-12-219)
Certificates issued from 12.12.2019 to 31.3.2020	79.00	85.24	91.98	99.24	107.08
Certificates issued from 1.4.2020 to 31.12.2022	68.00	72.62	77.56	82.84	88.47
Certificates issued on or after 1.1.2023	70.00	74.90	80.14	85.75	91.76

NSC – National Savings Certificate: Interest Rates, Tax Benefits and More

NSC Accrued Interest Rates Chart (Complete Chart)

This table displays the NSC accrued interest rate chart, allowing you to review the accrued interest on NSC from April 1, 2017.

	2018-19	2019-20	2020-21	2021-22	2022-23	2023-24	2024-25	2025-26	2026-27	2027-28
1-4-17 to 30-6-17	7.90	8.52	9.20	9.93	10.70	x	x	x	x	x
1-7-17 to 31-12-17	7.80	8.41	9.06	9.77	10.55	x	x	x	x	x
1-1-18 to 31-3-18	7.60	8.18	8.80	9.47	10.19	x	x	x	x	x
1-4-18 to 30-9-18	x	7.60	8.18	8.80	9.47	10.19	x	x	x	x
1-10-18 to 31-3-19	x	8.00	8.64	9.33	10.08	10.88	x	x	x	x
1-4-19 to 30-6-19	x	x	8.00	8.64	9.33	10.08	10.88	x	x	x
1-7-19 to 11-12-19	x	x	7.90	8.52	9.20	9.93	10.70	x	x	x
12-12-19 to 31-3-20 (Rs.1000)	x	x	79.00	85.24	91.98	99.24	107.08	x	x	x
1-4-20 to 31-3-21 (Rs.1000)	x	x	x	68.00	72.62	77.56	82.84	88.47	x	x
1-4-21 to 31-3-22 (Rs.1000)	x	x	x	x	68.00	72.62	77.56	82.84	88.47	x
1-4-22 to 31-12-22 (Rs.1000)	x	x	x	x	x	68.00	72.62	77.56	82.84	88.47
1-1-23 to 31-3-23 (Rs.1000)	x	x	x	x	x	70.00	74.90	80.14	85.75	91.76

NSC Value After Maturity

These certificates take five years to fully mature. This means you’ll need to wait for five years from the day you first put your money in before the certificate is ready. Here’s a clear breakdown of the amounts payable for various periods of National Savings Certificates (NSCs) based on the issuance dates and denominations:

Issue Date Range	Amount (Rs.)
April 1, 2017 – June 30, 2017	146.25
July 1, 2017 – December 31, 2017	145.58
January 1, 2018 – September 30, 2018	144.23
October 1, 2018 – June 30, 2019	146.93
July 1, 2019 – December 11, 2019	146.25
December 12, 2019 – March 31, 2020 (FV Rs.1000)	1,462.54
April 1, 2020 – December 31, 2022 (FV Rs.1000)	1,389.49
On or after January 1, 2023 (FV Rs.1000)	1,402.55

Pre Maturity of NSC 

Premature encashment, in finance, refers to the withdrawal of an investment before its maturity period ends. This choice is made under certain circumstances.

When Premature Encashments Can Happen?

There are situations where it is allowed to cash your certificate before the five-year term is up. Here are those cases:

• The death of the holder — if the person with a certificate dies;
• Forfeiture by senior public servant — if high-ranking government official acting as a pledgee decides on forfeit;
• By court order – when courts order for cashing it out.

Conseqences of NSC Pre Mature

• No Interest Within One Year: If you encash your certificate within a year, no interest will be paid to you.
• Interest Between One and Three Years: If you cash between one and three years, some interest will be given. The rate of this interest is 4% per annul compounded annually at the POSB (Post Office Savings Bank) rate for the first half of this duration.
• Completed  Three Years: Should you decide to withdraw your deposit after three years but before five years are up; then there is a specific method adopted in calculating how much money one gets back.

If you cash an NSC of Rs.1000 after three years what can be obtained is given below.

Table of Maturity Value of NSC Pre Mature (Before 5 Years)

Completed Period (Yrs.)	Certificate issued 1.7.2017 – 31.12.2017	Certificate issued 1.1.2018 – 30.9.2018	Certificate issued 1.10.2018 – 30.6.2019	Certificate issued 1.7.2019 – 11.12.2019	Certificate issued 12.12.2019 – 31.3.2020	Certificate issued 1.4.2020 – 31.12.2022	Certificate issued w.e.f. 1.1.2023
3	1218.20	1211.40	1225.00	1221.60	1221.61	1184.89	1191.02
3-1/2	1258.90	1250.70	1267.20	1263.20	1263.05	1218.15	1226.23
4	1301.00	1291.30	1310.80	1305.90	1305.90	1252.98	1262.48
4-1/2	1344.50	1393.20	1355.90	1350.20	1350.20	1288.80	1299.80

How to Calcualte Accrued Interest on NSC?

To get the accrued interest of NSCs, multiply the amount you invested by the annual interest rate. The equation for calculating this is:

Accrued Interest = Investment Amount × Accrued Interest Rate

Steps on how to calculate accumulated interest on NSCs:

1. Find out the investment amount: Determine the principal sum you have put in National Saving Certificates.

2. Get Accrued Interest Rate: This can be found from various sources like historical and current rates tables published by issuers or councils in authority; they usually give yearly rates.

3. Apply formulae: Use above mentioned formulae to work out AI (accrued interest):

AI = IA ×AIR,
where AI stands for Accrued Interest, IA represents Investment Amount while AIR is Accruals Interests Rates.

4. Repeat annually if necessary: When working out for multiple years’ worth of accruals, do them one at a time each year separately as figure will be based on corresponding rates against amounts invested.

5. Sum up if needed: If looking at total over certain number of years add together all these figures given by different calculations done for individual periods.

Remember that compounding is done on yearly basis and therefore interests gained are reinvested back into same account with principal amount thus forming new base which future earnings are calculated on.

Here’s an example to illustrate this:

Let’s say you invested Rs. 10,000 in an NSC with an accrued interest rate of 7.5% for the first year.

Accrued Interest = Investment Amount × Accrued Interest Rate
Accrued Interest = Rs. 10,000 × 0.075 = Rs. 750

Therefore during initial twelve months since purchase was made there will accumulate rs750 as simple interest paid annually but from second month onwards profits shall be compounded at compound interest rates so on and so forth till maturity date is reached

Where to Show NSC Accrued Interest in ITR?

Usually, interest earned from National Savings Certificates (NSCs) is considered as income from interest and needs to be mentioned in the Income Tax Return (ITR) under the section which covers that. NSCs’ accrued interests are taxable, thus they should be part of ITR.

These are the steps for reporting accrued interest through NSCs on your ITR:

1. Choosing the Right ITR Form: Select an ITR form that suits best with your income sources and financial conditions. Normally, people use either ITR-1 (Sahaj) or ITR-2.

Which ITR Form Should You File for AY 2023-24?

2. Find the Section for Interest Income: In the chosen ITR form, locate the section that pertains to “Income from Other Sources” or “Interest Income.” The section numbers may differ depending on the ITR form you are using.

3. Give Information: In this part of the form, you must provide information about your sources of interest income. This encompasses accrued interest from NSCs. (Since you already know how to calculate accrued interest – discussed earlier)

4. Fill in the Number:  Type in the sum total amount of all interests that were accrued throughout a year with reference to National Savings Certificates (NSC) which were received by you.

5. Calculate Taxable Income: The accrued interest you report will be added to your total income. The total income will then be used to calculate your taxable income and calculate tax as per income tax slab.

6. Confirm and Submit: Before submitting the ITR form, verify all the entered data for correctness. Once you are contented with what you have done, send your ITR via electronic means.

It should be noted that the interest on NSCs accrues annually and is considered taxable in the same year. Even if it has not been received yet, so you must declare such an earning in the respective financial year when this income arises irrespective of receiving payment or not.

Frequently Asked Questions (FAQ) About NSC Accrued Interest

1. What does NSC Accrued Interest mean?

NSC accrued interest refers to the amount of money earned over the years as a result of having invested in National Savings Certificates (NSCs).

2. How is NSC Accrued Interest worked out?

You arrive at NSC accrued interest by computing the product of the applicable interest rate for an NSC and the sum invested. The interest is compounded annually.

3. What is the significance of NSC Accrued Interest?

The main aim behind coming up with this concept was to provide an avenue through which additional value could be realized from an initial investment in terms of time thereby making it attractive for potential investors.

4. At what frequency is NSC Accrued Interest compounded?

Compounding takes place once per year; this implies that after one year, all interests gained are added back into the original amount which then forms basis for subsequent calculations on how much will be earned during another one-year period.

5. Does NSC Accrued Interest differ depending on period of Investment?

Indeed, it does vary with time frame involved – longer holding periods attract higher rates of return due to increased compounding effect caused by extended term structure inherent within such investments.

6. Is there any tax on NSC Accrued Interest?

Yes, any income generated from this source should be declared according to relevant tax laws applicable in your jurisdiction or country.

7. Can I withdraw my NSC Accrued Interest before maturity date?

No, you can’t access these funds until when they become due but instead keep them as part and parcel of principal until final maturity value is reached.

8. Where can I get a copy of the chart containing NSC interest rates over time?

This chart shows how much has been made each year on different durations; it’s among most important tools used by investors who want to track growth levels associated with their chosen savings schemes.

9. How do I work out my NSC investment’s Accrued Interest?

All you need do is multiply accruals rate for each year by initial sum then add up all products arrived at in order come out with total accrued interest.

10. How does NSC Accrued Interest affect Maturity Value?

The longer one holds onto his/her certificates, the higher principal figure gets since more funds are accumulated over period hence leading to greater returns on maturity date as result of compounding effect.