It is having a high interest rate at 8% compounded half yearly. Post maturity interest will be paid for a maximum period of 24 months at the rate applicable to individual savings account. A 1000 rs denomination certificate will increase to 1601Rs. on completion of 6 years.
Interest rates for the NSC Certificate of Rs 1000
Year |
Rate Of Interest |
1 year |
Rs 81.60 |
2 years |
Rs 88.30 |
3 years |
Rs95.50 |
4 years |
Rs103.30 |
5 years |
Rs 111.70 |
6 years |
Rs 120.80 |
|