NSC Accrued Interest Chart: Calculate NSC Interest Instantly

The rate of interest is

  • 7.6% 1 (7.8% 2 on certificates issued during 1-7-2017 to 31-12-2017
  • 7.9% 3 on certificates issued during 1.4-2017 to 30-6-2017
  • 8.0% on certificates issued during 1.-10-2016 to 31-3-2017
  • 8.1% on certificates issued during 1-4-2016 to 30-9-2017
  • 8.5% on certificates issued during F.Y.2013-14 to 2015-16
  • 8.6% on certificates issued during F.Y.2012-13
  • 8.4% on certificates issued during 1-12-2011 to 31-3-2012
  • 8.0% on certificates issued up to 30-11-2011

On certificates issued w.e.f. 1-4-2016, interest shall be compounded yearly. On certificates issued up to 31-3-2016 interest shall be compounded half-yearly. The amount of interest accruing on a certificate of Rs.100 shall be as follows:

Table of Interest Accrued on Certificate of Rs.100

Certificates Issuance  Period Years
upto 30.11.2011 8.16 8.83 9.55 10.32 11.16 12.08
from 1.12.2011 to 31.3.2012 8.58 9.31 10.11 10.98 11.92
for F.Y.2012-13 9.56 10.40 11.31 12.30
from 1.4.2013 to 31.3.2016 8.68 9.43 10.25 11.14 12.11
from 1.4.2016 to 30.9.2016 8.10 8.76 9.46 10.23 11.06
from 1.10.2016 to 31.3.2017 8.00 8.64 9.33 10.08 10.88
from 1.4.2017 to 30.6.2017 7.90 8.52 9.20 9.93 10.70
from 1.7.2017 to 30.12.2017 7.80 8.41 9.06 9.77 10.55
from 1.1.12018 to 31.3.2018 7.60 8.18 8.80 9.47 10.19

The following table will enable an assesse to calculate the accrued interest for all the years instantly.

A Complete Guide – All you wanted to know about National Saving Certificate – Update 2019

NSC’s VIII Issue Interest Accrual Table Chart

nsc accrued interest rate chart

The amount of interest accruing on certificates of other denominations shall be proportionate to the amount specified above.

Post Maturity Interest

Where, on maturity, the amount has become due but not paid, it shall carry interest from the date of maturity up to the date of repayment (subject to a maximum of two years) at the prevailing POSB A/c rate.

Maturity Period

A certificate shall mature after five years. (Six years for certificates issued upto 30.11.2011) from the date of the certificate. The amount payable on maturity for a certificate of Rs.100 denomination (proportionately for other certificates), shall be

For certificates issued upto 30.11.2011 Rs. 160.10
For certificates issued during 1.12.2011 to 31.3.2012 Rs. 150.90
For certificates issued during F.Y. 2012-13 Rs. 152.35
For certificates issued during 1.4.2013 to 31.3.2016 Rs. 151.62
For certificates issued during 1.4.2016 to 30.9.2016 Rs. 147.61
For certificates issued during 1.10.2016 to 31.3.2017 Rs. 146.93
For certificates issued during 1.4..2017 to 30.6.2017 Rs. 146.25
For certificates issued during 1.7.2017 to 31.12.2017 Rs. 145.58
For certificates issued during 1.1.2018 to 31.3.2018 Rs. 144.23

The amount payable on maturity shall be rounded off to the nearest rupee.

NSC Certificate Premature Encashment

Premature encashment of a certificate (any time before 6 years) is allowed under specific circumstances only like

  • death of holder(s)
  • forfeiture by a pledgee being a Gazetted officer under court notice.

No interest is payable on encashment within one year. After one year and before 3 years, simple interest is payable a the POSB rate (at present 4%) for the completed months only. The amount payable for a certificate of Rs.100 denomination, on encashment after three years as follow:

Completed Period (Yrs.)/ Amount payable on 3 3-1/2 4 4-1/2
Certificate issued during F.Y. 2012-13 124.60 129.26 134.08 139.09
Certificate issued during 1.4.2016 to 30.9.2016 124.24 128.81 133.56 138.48
Certificate issued during 1.4.2016 to 30.9.2016 122.85 127.13 131.57 136.16
Certificate issued during 1.10.2016 to 31.3.2017 122.50 126.72 131.08 135.59
Certificate issued during 1.4.2017 to 30.6.2017 122.16 126.31 130.59 135.02
Certificate issued during 1.7.2017 to 31.12.2017 121.82 125.89 130.10 134.45
Certificate issued during 1.1.2018 to 31.3.2018 121.14 125.07 129.13 139.32
  1. Vide Notification F.No.1/4/2016 Dt. January 2018
  2. Vide Notification No.GSR 863(E) Dt. 30.6.2017
  3. Vide Notification No. GSR (382 (E), Dt.31-3-2017

26 thoughts on “NSC Accrued Interest 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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