Rate of NSC Interest
National Savings Certificates (NSC) are certificates issued by Department of post, Government of India and are available at all post office counters in the country. This scheme is specially designed for Government employees, Businessmen and other salaried classes who are IT assesses. It is a long term safe savings option for the investor. Trust and HUF cannot invest. The scheme combines growth in money with reductions in tax liability as per the provisions of the Income Tax Act, 1961. The duration of a NSC scheme is 6 years.
| Small Savings schemes interest rates | ||
| Instrument | Interest Rate % from 1st Jan, 2020 | Interest Rate % from 1st Apr, 2020 |
| Savings Deposit | 4 | 4 |
| 1 year Time Deposit | 6.9 | 5.5 |
| 2 year Time Deposit | 6.9 | 5.5 |
| 3 year Time Deposit | 6.9 | 5.5 |
| 5 year Time Deposit | 7.7 | 7.7 |
| 5 year Recurring Deposit | 7.2 | 5.8 |
| 5 year Senior Citizen Savings Scheme | 8.6 | 7.4 |
| 5 year Monthly Income Account | 7.6 | 6.6 |
| 5 year National Savings Certificate | 7.9 | 6.8 |
| Public Provident Fund | 7.9 | 7.1 |
| Kisan Vikas Patra | 7.6 | 6.9 |
| Sukanya Samriddhi Yojana | 8.4 | 7.6 |