NSC Interest Rate History 1989 to 2023

NSC interest rate history : NSC aka National Savings Certificate is a low risk savings product from the Government of India. It’s a fixed income investment scheme which provides tax benefits as well. NSC is for small and mid income investors. You can open this NSC scheme at any post office branch.

NSC Interest Rate News

  • The government has increased the interest rates on small savings schemes by up to 70 basis points for the April-June 2023 quarter. (1 percentage point = 100 basis points).
  • Therefor NSC interest rate has increased to 7.7 % for April 1, 2023 till June 30, 2023.
NSC Interest Rate History - Paisa kaudi
NSC Interest Rate History – Paisa kaudi

Note: NSC scheme started with two types of certificate i.e. NSC VIII Issue and NSC IX Issue. In December 2015, Government of India discontinued the NSC IX Issue. So now you can only apply for NSC VIII Issue.

NSC VIII Issue Interest Rate Historical Data

Date RangeInterest Rate (% per annum)Maturity Period (Years)
01-Apr-2023 to 30-Jun-20237.7%5
01-Jan-2023 to 31-Mar-20237.0%5
01-Oct-2022 to 31-Dec-20226.8%5
01-Jul-2022 to 30-Sep-20226.8%5
01-Apr-2022 to 30-Jun-20226.8%5
01-Jan-2022 to 31-Mar-20226.8%5
01-Oct-2021 to 31-Dec-20216.8%5
01-Jul-2021 to 30-Sep-20216.8%5
01-Apr-2021 to 30-Jun-20216.8%5
01-Jan-2021 to 31-Mar-20216.8%5
01-Oct-2020 to 31-Dec-20206.8%5
01-Jul-2020 to 30-Sep-20206.8%5
01-Apr-2020 to 30-Sep-20206.8%5
01-Oct-2019 to 31-Mar-20207.9%5
01-Jul-2019 to 30-Sep-20197.9%5
01-Jan-2019 to 30-Jun-20198.0%5
01-Oct-2018 to 31-Dec-20188.0%5
01-Jan-2018 to 30-Sep-20187.6%5
01-Jul-2017 to 31-Dec-20177.8%5
01-Apr-2017 to 30-Jun-20177.9%5
01-Oct-2016 to 31-Mar-20178.0%5
01-Apr-2016 to 30-Sep-20168.1%5
01-Apr-2013 to 31-Mar-20168.5%5
01-Apr-2012 to 31-Mar-20138.6%5
01-Dec-2011 to 31-Mar-20128.4%6
01-Mar-2003 to 30-Nov-20118.0%6
01-Mar-2002 to 28-Feb-20039.0%6
01-Mar-2001 to 28-Feb-20029.5%6
15-Jan-2000 to 28-Feb-20019.5%6
01-Jan-1999 to 14-Jan-200011.5%6
08-May-1989 to 31-Dec-199812.0%6
NSC VIII Issue Interest Rate – Paisa kaudi

NSC IX Issue Interest Rate Historical Data

Date RangeInterest Rate (% per annum)Maturity Period (Years)
01-Apr-2015 to 31-Mar-20168.8% (Discontinued)10
21-Jan-2015 to 31-Mar-20158.8%10
18-Nov-2014 to 20-Jan-20158.8%10
01-Apr-2014 to 17-Nov-20148.8%10
01-Apr-2013 to 31-Mar-20148.8%10
01-Apr-2012 to 31-Mar-20138.9%10
01-Dec-2011 to 31-Mar-20128.7%10
NSC IX Issue Interest Rate – Paisa kaudi

NSC News

  • National Savings Certificate will continue to carry an annual interest rate of 6.8 % in the first quarter of 2022-23.
  • NSC will yield an annual return of 7.0% for March quarter (Dec 30, 2022)

NSC Interest Rate FAQs

What is the National Savings Certificate Scheme?

National Savings Certificate is a low risk, fixed income, investment scheme where you get tax benefit as well. You can open the NSC scheme at any post office branch.

What are the two types of NSC certificates?

NSC VIII Issue and NSC IX Issue.

How is the NSC interest rate decided?

Government of India revises NSC interest rate on quarterly basis. Interest rate on NSC is compounded on a yearly basis. Interest will be payable only at the time of maturity.

How is the NSC interest rate on deposits is Calculated?

NSC comes with the lock-in period of 5 years. This means there is a fixed maturity period of 5 years. Interest earned every year on investment is reinvested to get better returns.

Who can open NSC accounts?

All resident Adults Indians individually or jointly (up to 3 adults) can invest in the NSC scheme. Guardians on behalf of a minor or minor above 10 years of age can invest in the NSC scheme.

Can I open multiple NSC accounts?

There is no limit as such. An individual can open any number of NSC accounts.

Does NSC have tax benefits?

Investments made in the SSY scheme are eligible for the tax benefits under section 80 C (Max 1.5 Lakhs). Accumulated interest is also tax free but you have to pay taxes for the last year interest earned as this can’t be reinvested.

How to buy NSC certificates?

You can buy NSC certificates through two modes i.e. electronic mode (E-mode) or passbook mode. You would require a savings account (with a bank or post office). Not necessary to have net banking enabled.

What is the maturity period of NSC?

The maturity period of NSC is 5 years.

Official WebsiteClick Here
PPF interest rates history since inceptionClick Here
SSY interest rates history 2014 to 2022Click Here
Post Office MIS interest rate history 1987 to 2022Click Here
SCSS interest rates history 2004 to 2022Click Here
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