new Revision in Interest Rates of Post Office Small Savings Schemes w.e.f 1st April 2012
Table for calculation of interest and value of National Savings Certificate (VIII Issue) at end of every year completed.
Including Table/Chart for National Saving Certificate (VIII Issue) issued after 1st December, 2011 (1-12-2011)
NSC 8th issued after 1-10-2011 will be issued for the period of 5 years. Amount payable after 5 years for every Rs.100/- will be Rs.150.90/-
NSC (8th issue) issued after 1-10-2011 can be prematurely withdrawn after 3 years. Premature encashment will be done along with interest but after discount. The discounted premature repayment values will be as per Table II.
Value are purpose of calculating Income Tax and indicating Value of National Saving Certificate in the Accounts of the Holder.
The values are as per notification issued by the Government
Pre-mature encashment of National Saving Certificate is not allowed in case of NSC issued before 1st December, 2011.
Incase of NSC (8th Issue) issued on or after 1st December, 2011, NSC can be prematurely encashed along with interest but after adjustment for discount. The discounted payment will be as per Table II given below
Table for calculation of interest and value of National Savings Certificate (VIII Issue) at end of every year completed.
Including Table/Chart for National Saving Certificate (VIII Issue) issued after 1st December, 2011 (1-12-2011)
NSC 8th issued after 1-10-2011 will be issued for the period of 5 years. Amount payable after 5 years for every Rs.100/- will be Rs.150.90/-
NSC (8th issue) issued after 1-10-2011 can be prematurely withdrawn after 3 years. Premature encashment will be done along with interest but after discount. The discounted premature repayment values will be as per Table II.
TABLE I
| The year for which interest accrues |
Amount of interest (Rs.) accruing on the certificates of Rs. 100 denominations purchased between
| |||||
| If NSC (VIII Issue) is purchased on or after March 1, 2002 but before March 1, 2003 | Cumulative value of National Saving Certificate at end of period | If NSC (VIII Issue) is purchased on or after March 1, 2003 but before December 1, 2011 | Cumulative value of National Saving Certificate at end of period | If NSC (VIII Issue) is purchased on or after December 1, 2011 | Cumulative value of National Saving Certificate at end of period | |
| Face Value | 100 | 100 | 100 | 100 | 100 | 100 |
| First Year | 9.20 | 109.20 | 8.16 | 108.16 | 8.58 | 108.58 |
| Second Year | 10.05 | 119.25 | 8.83 | 116.99 | 9.31 | 117.89 |
| Third Year | 10.97 | 130.22 | 9.55 | 126.54 | 10.11 | 128.00 |
| Fourth Year | 11.98 | 142.20 | 10.33 | 136.87 | 10.98 | 138.98 |
| Fifth Year | 13.09 | 155.29 | 11.17 | 148.04 | 11.92 | 150.90 |
| Sixth Year | 14.29 | 169.58 | 12.08 | 160.12 | -- | -- |
| Total Interest | 69.58 | -- | 60.12 | -- | 50.90 | -- |
| Maturity Value | 169.58 | -- | 160.12 | -- | 160.12 | -- |
The values are as per notification issued by the Government
Pre-mature encashment of National Saving Certificate is not allowed in case of NSC issued before 1st December, 2011.
Incase of NSC (8th Issue) issued on or after 1st December, 2011, NSC can be prematurely encashed along with interest but after adjustment for discount. The discounted payment will be as per Table II given below
TABLE II
| Period from the date of the certificate to the date of its encashment |
Amount payable inclusive of interest (Rupees)
|
| Three years or more, but less than three years and six months |
123.14
|
| Three years and six months or more, but less than four years |
127.49
|
| Four years or more, but less than four years and six months |
131.99
|
| Four years and six months or more, but less than five years |
136.65
|
NSC Interest calculator, chart to calculate accrued NSC interest
