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Interest on nsc

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CA Manish Garg CA [ Scorecard : 279]	Posted On 31 May 2012 at 12:13
	Hey....Let if I invested 20000 in NSC in FY 11-12, then wat would be interest for FY 11-12??

Deepak Parsai Semi Qualified CA [ Scorecard : 536]	Posted On 31 May 2012 at 12:19
	Very simple, amt of investment* interest rate per annum. 20000*0.086=1720/- assuming you invested at the beginning of f.y.


Prateek Agarwal Sr. Executive - Finance & Accounts [ Scorecard : 1724]	Posted On 31 May 2012 at 12:23
	Agreed with Deepak

CA Manish Garg CA [ Scorecard : 279]	Posted On 31 May 2012 at 12:59
	Thanks But say I have invested on 17.08.2011 ..then interest would be ?

DIBYENDU SERVICE [ Scorecard : 159]	Posted On 31 May 2012 at 13:26
	Then the Interest will be =Rs. 20000.008.6%227/365=Rs. 1069.00

CA Manish Garg CA [ Scorecard : 279]	Posted On 31 May 2012 at 13:29
	owk. i.e. in given eg above NSC will mature on 17.08.2017?

Ekta Agarwal Ca [ Scorecard : 28]	Posted On 31 May 2012 at 18:43
	Interest on NSC is computed @ 8.16% p.a compounded annually...

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