Hey....Let if I invested 20000 in NSC in FY 11-12, then wat would be interest for FY 11-12??
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Interest on nsc
Replies (6)
Very simple, amt of investment* interest rate per annum.
20000*0.086=1720/- assuming you invested at the beginning of f.y.
Agreed with Deepak
Thanks But say I have invested on 17.08.2011 ..then interest would be ?
Then the Interest will be
=Rs. 20000.00*8.6%*227/365=Rs. 1069.00
owk. i.e. in given eg above NSC will mature on 17.08.2017?
Interest on NSC is computed @ 8.16% p.a compounded annually...
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