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Interest Rates




A.  Rate of Interest on National Saving Certificates IX Issue (NSC) issued on or after 01-12-2011 (10 Years Plan)

Year for which interest accrues
Rate of Interest

Issued on or after 01-12-2011 but before 01-04-2012

Issued on or after 01-04-2012
 

1st Year

8.89%

9.10%
 

2nd Year

9.68%

9.93%
 

3rd Year

10.54%

10.83%
 

4th Year

11.48%

11.81%
 

5th Year

12.50%

12.89%
 

6th Year

13.61%

14.06%
 
7th Year
14.82%
15.34%
 
8th Year
16.13%
16.74%
 
9th Year
17.57%
18.26%
 
10th Year
19.13%
19.92%
 

B.  Rate of Interest on National Saving Certificates VIII Issue (NSC) issued on or after 01-03-2003

Year for which interest accrues
Rate of Interest

Issued on or after 01-03-2003 but before 01-12-2011

Issued on or after 01-12-2011 but before 01-04-2012
Issued on or after 01-04-2012

1st Year

8.16%

8.58%
8.78%

2nd Year

8.83%

9.31%
9.56%

3rd Year

9.55%

10.11%
10.40%

4th Year

10.33%

10.98%
11.31%

5th Year

11.17%

11.92%
12.30%

6th Year

12.08%

NA
NA
Interest is taxable under the head 'Income from Other Sources'. However, interest upto 5th year (4th year in case of NSC is purchased on or after 01-12-2011) being reinvested in the NSC itself, hence eligible for deduction u/s 80C.

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C. Interest on Kisan Vikas Patra issued on or after 01-03-2003

Period from the date of certificate to the date of its encashment

Rate of Interest

Maturity Value (for Rs.1000 invested)

1 year 

6.40%

Rs.1,065.02

2 years 

6.40%

Rs.1,134.28

2 years & 6 months

6.40%

Rs.1,170.51

3 years 

6.40%

Rs.1,207.95

3 years & 6 months

6.88%

Rs.1,267.19

4 years 

6.88%

Rs.1,310.80

4 years & 6 months

6.88%

Rs.1,355.90

5 years 

7.36%

Rs.1,435.63

5 years & 6 months

7.36%

Rs.1,488.49

6 years 

7.36%

Rs.1,543.30

6 years & 6 months

7.85%

Rs.1,649.13

7 years 

7.85%

Rs.1,713.82

7 years & 6 months

7.85%

Rs.1,781.06

8 years 

7.85%

Rs.1,850.93

8 years & 7 months 

 

Rs.2,000.00

Interest is taxable under the head 'Income from Other Sources'. No deduction is available.
 
D. Interest on Indira Vikas Patra issued on or after 01-01-1999

Year

Interest @ 12.25% on certificate of Rs.1000

1st Year

Rs.122.50

2nd Year

Rs.137.51

3rd Year

Rs.154.35

4th Year

Rs.173.26

5th Year

Rs.194.48

6th Year

Rs.217.90

Interest is fully taxable. No deduction is available.

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