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.

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):

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.

26 thoughts on “NSC Accrued Interest Rate Chart: Calculate NSC Interest Instantly”

  1. I have purchased NSC on 27.04.2018, 26.08.2019, 20.02.2021 & 28.03.2022 for Rs.50,000/- each. What is the calculation of accrued interest for AY 2022-23 ?

  2. To the best of my knowledge,interest accrued on last year NSC (5 Years Period) cannot be taken as an investment because of no investment. However the accrued interest will be added to the income. If i am wrong, please correct me.

  3. I have purchased Nscs in Octobe, 2018 and Dec,2018. I want to know the interest accrued every year for incometax purposes. Can you help please?

  4. sir
    i had four NSC in 2002 of face value 27000 rupees which were to mature in 2008 . i had given these to my brother as collateral for his MSIL chit. Later my brother left me and he has not returned these NSC. He has not given me letter of pledge to MSIL his loan account of these NSCs. When i checked with MSIL chit company they have adjusted proceeds of these NSC to his chit amount, without intimation to me. what shall i do. My brother absconding and not returned either money or NSC. please advise.

  5. I have purchased 5 year NSC certificate on 26.03.2017.The maturity value given is on the certificate but I want the accrued interest portion year wise break up for the purpose of tax calculation for the AY 2018/19.

  6. I have purchased NSC certificate 5 years for RS.72000.00 on 15.03.2017.The maturity value given is Rs.105792.00.I want the accrued interest portion year wise break up for the purpose of tax calculation for the AY 2018/19.

  7. nsc 5 years interest chart purchased on january 2018
    kvp 9 years 10 months premature chart purchased on january 2018

  8. Since the post office pays interest only on the date of maturity of the NSC can we include the entire iñterest paid on the maturity date in our income tax return and pay tax. Is it allowed by IT rules. Please clarify.

  9. S.DAS 07.11.2017.

    I have purchased from my retirement benefit on 6.2.2017 , 5 nos of NSC VIII issue @ Rs.1.00 lac each. Prevailing interest rate was 7.90% at that time. Interest earned from NSC is taxable in the hands of I.T assessee. I now want to know the three methods to calculate my accrued interest to declare my interest income from 17-18 onwards as well as deduction under Sec.80C. Also please let me know is it required to strict only one principal method of calculation for all the NSC purchase on 6.2.17 as mentioned above or may take separate method of int calculation for each purchase during the entire period of investment

  10. I have purchased NSC VIII Issue on 17-04-2017 and 20-04-2017(5Years) respectively.

    Will you please let me know the TABLE for VIII Issue Accrual Interest CHART(RS.100 Denomination).Date of Maturity is 17-04-2022 & 20-04-2022.

    Prevailing Intt. rate was 7.9% at that time.I wish to know Accr. Intt in 1st,2nd,3rd,4th and 5th year.

  11. Please intimate what will be the interest accrued during the year of NSC invested during FY 2016-17 which will have rebate under Sec-88. Alternately, what will be the accrued interest during each FY subsequently so that amount of interest can be re-invested under Sec-80C.

  12. Nsc Issued By Post Office Dt.13-05-2014 For The Period 10Year What Is Interest Earned Per Year

  13. Hello Sir,
    I have a query regarding maturity amount of my NSCs. I had purchased 5 numbers of 6 years of NSCs(8th issue) for principal amount of 5000 each from post office, punjab. I had paid Rs 25,000 in total. On each certificate it is printed that Rs. 10,075 against Rs.5,000 willbe given at the time of maturity. But at the time of maturity 30.10.2016, I recieved a cheque of 40,025 rupees only instead of 50,375 (as per printed) on the certificates. Please tell me if it is wrongly calculated or not?

    • The amount you got looks correct to me. May be they issued certificates from an older lot when the interest rates were high.

  14. My NSC no. 3415277944 of Rs.25,000,dated 2-11-2016. Got pass book only, not mentioning maturity date and amount.

  15. sir,/madam,
    is there any chart to calculate interest for sukanya samruddhi scheme. if yes, please send it.

  16. Purchased 2 nos.(each for Rs.5ooo) 5years NSC (VIII issue) one on 30.1.14 (Yr.of purchase 2013-2014)second on 14.1.15 (Yr.of purchase 2014-2015) -Matured amount of each NSC is Rs.7581/-(The Principal amount of Rs. 5000 + Interest amount of Rs. 2581)
    Pl. advise which table is applicable for calculation of accrued interest yearwise for the above NSC

  17. Hi,

    I have query related to NSC. I purchased NSC’s regularly since 2011. I just came to know from someone that the accrued interest can be used for tax benefits too.

    I searched over the net and got affirmative responses. Now the question is Can I take benefits for previous years too. that were not claimed …:-)


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