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nsc bonds calculator

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rakkesh asked over 3 years ago

how to calculate nsc bonds rate?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

When you purchased the NSC (this is because rate of interest for NSC is changed by Govt. every year) Whether it is a VIII issue (i.e. 5 year NSC) or a IX issue (10 year NSC) – (this is because present rate of interest for XIII issue is 8.5% and IX issue is 8.8%)

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 3 years ago

nterest on NSC will depend on following things: When you purchased the NSC (this is because rate of interest for NSC is changed by Govt. every year) Whether it is a VIII issue (i.e. 5 year NSC) or a IX issue (10 year NSC) – (this is because present rate of interest for XIII issue is 8.5% and IX issue is 8.8%) Also, we need to understand two main points: Interest in case of NSC is compounded half yearly – that means if the interest is 8.5%, the effective interest you earn for the year, due to compounding effect is {(1+8.5%/2)^2}-1 = 8.68% Interest is accrued every year, but paid out together with principal amount at maturity. But according to Income Tax law, you have to pay tax on accured interest every year To make this easy for you, I have prepared a calculator where you have to just input the cells which are marked as blue, and the interest will get calculated automatically.

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