Post Office NSC Interest Rate 2020 NSC account in post office will give you an interest rate of 8% per annum, compounded annually and payable at maturity. For example, for a 5 years NSC, Rs. 100/- will grow to Rs. 144.23 at the maturity. The 10 years NSC is discontinued now. The interest rates are fixed periodically. Interest accrued for the year on your National Savings Certificates is eligible for deduction under section 80c of income tax act. Find the interest accrued on your National Savings Certificates for the year from the calculator. Claim the interest as deduction u/s80c to reduce your tax liability. interest is accrued at the rate of 8.7 percent (8.9 percent if investment made on or after April 1, 2012) and 8.8 per cent(if investment made on or after April 1, 2013) which is compounded half yearly. However, interest is taxable on yearly basis according to the rates given above. The current post office NSC interest rate 2019 is 8% per year. National Saving Certificates are issued by the post offices in India and can be taken from any branch of the Indian postal service. By investing in the National Saving Scheme, you can get a tax benefit of up to Rs 1.5 lakhs under Sec. 80C of Income Tax Act.
10 Mar 2020 National Savings Scheme (NSC)- NSC Interest rates, Eligibility, Types of NSC certificates, NSC Calculator, Investment details, Tenure, Tax The rate of interest is. 7.6% (7.8% on certificates issued during 1-7-2017 to 31-12-2017. 7.9% 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. NSC Interest Rate: NSC interest rates are market linked and are announced every quarter. As of 2019, NSC interest rates are 7.9% (Jul to Sep) The table below gives the details of NSC interest rates over the years.
NSC Calculator, Monthly Income Scheme (MIS) Calculator, PORD Calculator, POTD Calculator, Senior Citizen Saving Scheme (SCSS) Calculator, KVP Calculator. Up-to-date Interest Rates. NSC's provide a very good rate of interest as they are linked to a 10 year government bond; The interest rate of NSC you purchase does not change during the 5-year tenure of the NSC so you know exactly how much you will receive when your NSC matures. NSC Calculator, Monthly Income Scheme (MIS) Calculator, PORD Calculator, POTD Calculator, Senior Citizen Saving Scheme (SCSS) Calculator, KVP Calculator. Up-to-date Interest Rates. Interest Rate on NSC: As of today (for April to June 2019 quarter) NSC gets 8.0% interest compounded annually (Click to check latest & historical NSC interest rates).The interest rates are set every quarter by Government of India and is benchmarked to Government Bond yields. Interest Rate. The National Savings Certificate interest rate is subject to periodic change as per the decisions communicated by the Finance Ministry. The applicable NSC interest rate for Q3 FY 2019-20 (October-December) is 7.9%. The NSC rate in the previous quarter (July- September 2019) was also 7.9%.
However the interest accrued on NSC is taxable. Thereis no deduction of tax at source on the interest income. The maturity period of NSC VIII and IX issue is currently five year and 10 Year respectively and the rate of interest is 8.50% for NSC VII issue and 8.80% for NSC IX issue. NSC Interest Rate Chart The rate of interest to be earned on NSC certificate is decided by the government. The rate of interest is generally provided each year by 1 st April. The NSC issued at the specified rate for that period. Post Office NSC Interest Rate 2020 NSC account in post office will give you an interest rate of 8% per annum, compounded annually and payable at maturity. For example, for a 5 years NSC, Rs. 100/- will grow to Rs. 144.23 at the maturity. The 10 years NSC is discontinued now. The interest rates are fixed periodically. Interest accrued for the year on your National Savings Certificates is eligible for deduction under section 80c of income tax act. Find the interest accrued on your National Savings Certificates for the year from the calculator. Claim the interest as deduction u/s80c to reduce your tax liability. interest is accrued at the rate of 8.7 percent (8.9 percent if investment made on or after April 1, 2012) and 8.8 per cent(if investment made on or after April 1, 2013) which is compounded half yearly. However, interest is taxable on yearly basis according to the rates given above.
2 Feb 2011 NSC accrued interest rate chart,Kisan vikas patar(KVP) interest rate chart, tax collection at source chart ,interest payable on delayed income tax National Savings Certificate are issued by the Post Office and help in tax saving. Interest Rates on NSC are 8.6% and 8.9% for 5 year and 10 year. 27 Jun 2019 ✓Check NSC & PPF ☆Calculator ☆Reviews ☆Benefits ☆Eligibility. Both PPF and NSC offer attractive interest rate, which is 8.1% per annum Generally, it is best to declare accrued interest on NSC on an annual basis. Post Office NSC or National Savings Certificate is a popular investment vehicle. In this post, we look at NSC interest rate chart, Tax Benefits and interest. National Savings Certificates, popularly known as NSC, is an Indian Government Savings Bond "Revision in Interest Rates of Small Savings Scemes w.e.f. 1st April 2013" (PDF). National Savings Certificates (NSC) · Dailytool's National Savings Certificate Calculator · Revision of interest rates for small savings schemes Post Office NSC calculator, Interest Rates 2019, premature withdrawal rules. interest accrued under Section 80C of Income Tax Act; You can keep NSC