Want to know interest rates of NSC

Hello CACLUB-INDIA  members,


I had invested Rs 25000 in NSC on 18 march 2006.I like to know what is the interest rate

for NSC for the financial year 2007-2008 and what interest will be earned for financial year

2007-2008(April 2007-March2008) for amount Rs 25K invested in March 2006.


What is the interest rate for FY2006-2007 and 2007-2008.Thanks


Josh


 

Replies (5)

Hi

As U have invested after 01.03.03, the interest rates for NSC would be in the following manner:

   First year        - Rs.8.16 for Rs.100 denomination

   Second yr      -  Rs. 8.83             "

   Third yr          -  Rs.9.55              "

   Fourth yr       -   Rs.10.33           "

   Fifth yr          -  Rs. 11.17           "

   sixth yr        -   Rs.12.08           "

On Rs.25,000/- the interest amount for the F.Y. 2007-08 will be Rs.2208/-

With regards

CA Sheela Sreeram

what is the nsc rate of interest if invested in29.3.07

I had invested Rs 5000 on 16.09.2002.What is the maturity amount will I get ?

Originally posted by :Guest
" I had invested Rs 5000 on 16.09.2002.What is the maturity amount will I get ? "


 

how could we calculate this intt. rates 8.16,8.83,9.55.......

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