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# How NSC is calculated?

## How NSC is calculated?

Calculation of Interest

Year Investment Amount (Rs.) Interest Generated for the year (Rs.)
1 1,00,000 7,900
2 1,07,900 8,524
3 1,16,424 9,198
4 1,25,622 9,924

What is the interest rate for NSC certificates?

6.8%
NSC Interest Rate

Interest rate 6.8%
Minimum deposit ₹ 100
Maximum deposit No upper limit restrictions
Investment tenure 5 years
Offered by Banks and Post offices

### How is NSC accrued interest calculated?

The amount invested up to Rs….Excel NSC Auto Accrued Interest Calculator and Table – NSC VIII and IX Issue.

Period from the date of NSC to the date of encashment Amount payable with interest
3 Years or more but less than 3 Years and 6 Months 124.24
3 Years and 6 months or more but less than 4 Years 128.81

How can I check my NSC online?

NSC and KVP in e-mode

1. You have to opt for this option only if you have a savings account with the Bank/Post Office.
2. You have to apply for internet banking.
3. Once internet banking is facilitied, then you can view all your holding exactly like online Bank FDs or RDs.
4. There will not be any seriel number from now onward.

#### Is Fd better than NSC?

Number 1: NSC has two advantages over Fixed Deposits of banks, which are lower risks and a higher rate of interest. Number 2: Because of the re-investment of the TDS amount on the FDs of banks it may be lower than that of NSC irrespective of the fact that the former offers a marginally high rate of interest.

What is NSC interest rate 2020?

Details of the Revision

Instruments Rate of interest from 01.01

## Is there a calculator for National Savings Certificate?

The NSC (National Saving Certificate) Calculator allows you to calculate the return on your investment when saving using the National Savings Certificate Scheme.

How to calculate return on savings with NSC?

The NSC (National Saving Certificate) Calculator allows you to calculate the return on your investment when saving using the National Savings Certificate Scheme. You can read more about NSC here and find further information below the NSC Calculator.

### When did Mr.X purchase a national saving certificate?

Mr. X purchased National Saving Certificate (NSC) type VIII bond in Jan 2012, so in Certificate Type field, we need to select an option “VIII Issue, 1-Dec-2011 to 21-Mar-2012” After these information filled, you will be presented rate of interest and maturity duration for that National Saving Certificate (NSC) bond at that duration.

Which is the National Savings Certificate in India?

National Savings Certificate NSC scheme is a fixed income scheme. It is one of the popular savings instruments in India. One can activate this scheme at any Post Office. NSC scheme is the Government of India initiative.