What is the interest calculation on National Savings Certificates?

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What is the interest calculation on National Savings Certificates?

2006-10-25 23:21:49 · 4 answers · asked by susha 1 in Business & Finance ➔ Taxes ➔ India

4 answers

2006-10-26 00:01:45 · answer #1 · answered by thinkpose 5 · 0⤊ 0⤋

Please read on the back of NSC certificate.it gives details-to be paid Rs.--- after 3 years
Rs--- after 4 years
Interest is accordingly to be calculated depending upon in which year U have purchased the same.

2006-10-26 00:41:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋

8% normally as compounded rate and 9% for senior citizens.

Hope you got ur answer

2006-10-29 17:45:06 · answer #3 · answered by Subhrangshu m 3 · 0⤊ 0⤋

8% compounded half yearly.

2006-10-26 07:00:32 · answer #4 · answered by tenderboy 2 · 0⤊ 0⤋