NSC Accrued Interest Rate Chart: Calculate NSC Interest Instantly

NSC Accrued Interest Rate Chart: National Savings Certificates (NSCs) are popular investment instruments known for their tax benefits and reliable fixed returns. In this article, we’ll comprehensively explore interest rates, accrued interest rates chart, maturity value chart, pre maturity value chart and pre-encashment details. Moreover, we’ll examine the historical and current NSC interest rates to provide a comprehensive understanding of their financial potential.

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 refers to withdrawing your investment before it has completed its full maturity duration. This option is available under specific conditions.

When Premature Encashment is Possible:

There are certain situations in which you are allowed to encash your certificate before the designated 5-year maturity period. These scenarios include:

  1. Holder’s Demise: In the unfortunate event of the certificate holder’s passing.
  2. Forfeiture by a High-Ranking Officer: If a high-ranking government officer who holds the pledgee status decides on forfeiture.
  3. Court Mandate: When a court orders the encashment.

Conseqences of NSC Pre Mature

  • No Interest Within One Year: If you encash your certificate within the first year, you won’t receive any interest payment.
  • Interest Between One and Three Years: If you encash between one year and three years, you’ll receive some interest. This interest is calculated at the POSB (Post Office Savings Bank) rate, which is currently 4.0%, but only for the initial six months of this period.
  • Completed  Three Years: If you decide to encash your certificate after three years but before the full maturity of five years, the amount you receive will be calculated based on specific rules.

If you decide to cash in a National Savings Certificate (NSC) worth Rs. 1000 after three years, here’s what you can get:

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?

Calculating accrued interest for National Savings Certificates (NSCs) involves multiplying the investment amount by the accrued interest rate for a specific year. The formula for calculating accrued interest is:

Accrued Interest = Investment Amount × Accrued Interest Rate

Here’s a step-by-step guide on how to calculate accrued interest for NSCs:

1. Determine the Investment Amount:  Identify the amount you have invested in the NSC. This is the principal amount on which the interest will be calculated.

2. Find the Accrued Interest Rate: Look up the accrued interest rate for the specific year for which you want to calculate the accrued interest. The accrued interest rates are usually provided by the issuer or authority. You can check the table given above for historica and current interest rates on NSC.

3. Apply the Formula: Use the formula mentioned earlier to calculate the accrued interest:

Accrued Interest = Investment Amount × Accrued Interest Rate

4. Repeat for Each Year: If you’re calculating accrued interest for multiple years, repeat the calculation for each year separately. The accrued interest for each year will be based on the investment amount and the corresponding accrued interest rate.

5. Sum Up the Results: If you want to find the total accrued interest over a specific period, sum up the accrued interest for each year.

Keep in mind that NSC interest rates are typically compounded annually, which means the accrued interest is added to the principal at the end of each year.

Here’s a simplified example:

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

So, the accrued interest for the first year would be Rs. 750. If you continue the calculation for subsequent years, you’ll be able to determine how the accrued interest accumulates over time. Remember that the accrued interest rate can change from year to year, so make sure to use the correct rate for each calculation.

Where to Show NSC Accrued Interest in ITR?

Accrued interest from National Savings Certificates (NSCs) is typically treated as interest income and should be reported on your Income Tax Return (ITR) under the appropriate section for interest income. The accrued interest on NSCs is subject to tax, so it’s important to include it in your ITR.

Here’s how you can report accrued interest from NSCs in your ITR:

1. Select the Correct ITR Form: Choose the appropriate ITR form based on your income sources and financial situation. For most individuals, this would be ITR-1 (Sahaj) or ITR-2.

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

2. Locate the Interest Income Section: In the selected ITR form, look for the section related to “Income from Other Sources” or “Interest Income.” The section numbers may vary depending on the ITR form.

3. Provide Details: Within the Interest Income section, you will need to provide details of your interest income sources. This includes accrued interest from NSCs. (As you already know how to calculate accrued interest – Discussed above)

4. Enter the Amount:  Enter the total accrued interest amount you received from your NSCs during the financial year.

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. Verify and Submit: Review all the information you’ve entered in the ITR form for accuracy. Once you are satisfied, you can submit your ITR electronically.

It’s important to note that the accrued interest from NSCs is taxable in the year it accrues, even if it’s not yet received. Therefore, you should report the accrued interest in the corresponding financial year, regardless of whether you have actually received the interest payment.

Frequently Asked Questions (FAQ) About NSC Accrued Interest

1. What is NSC Accrued Interest?

NSC Accrued Interest refers to the interest earned on National Savings Certificates (NSCs) over a specific period, based on the investment amount and prevailing interest rates.

2. How is NSC Accrued Interest Calculated?

NSC Accrued Interest is calculated based on the interest rate applicable to the NSC and the investment amount. The interest is compounded annually.

3. What is the Purpose of NSC Accrued Interest?

The purpose of NSC Accrued Interest is to reflect the additional value that accumulates on an NSC investment over time, making it an attractive option for investors.

4. How Often is NSC Accrued Interest Compounded?

NSC Accrued Interest is compounded annually. This means that the interest earned in one year is added to the principal amount, and subsequent interest calculations are based on this increased amount.

5. Does NSC Accrued Interest Vary Based on the Investment Period?

Yes, NSC Accrued Interest varies based on the investment period. The longer the investment period, the higher the accrued interest.

6. Is NSC Accrued Interest Taxable?

Yes, NSC Accrued Interest is taxable. It is subject to taxation as per the applicable tax laws in your country.

7. Can I Access NSC Accrued Interest Before Maturity?

No, NSC Accrued Interest is not accessible before maturity. It remains part of the investment and contributes to the final maturity value.

8. Where Can I Find the NSC Accrued Interest Rates Chart?

The NSC Accrued Interest Rates Chart displays the interest accrued on NSCs for various years. It’s a valuable reference to understand the growth of your investment.

9. How Can I Calculate the Accrued Interest on My NSC Investment?

To calculate the accrued interest on your NSC investment, multiply the investment amount by the accrued interest rate for the specific year. Repeat this calculation for each year and sum up the results for the total accrued interest.

10. How Does NSC Accrued Interest Contribute to Maturity Value?

NSC Accrued Interest accumulates over the investment period, adding to the principal amount. This higher principal, along with the accrued interest, contributes to the total maturity value of the NSC.

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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