Interest on nsc

CA Manish Garg (CA ) (287 Points)

31 May 2012

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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6 Replies

Deepak Parsai (Future CA) (623 Points)
Replied 31 May 2012

Very simple, amt of investment* interest rate per annum. 20000*0.086=1720/- assuming you invested at the beginning of f.y.

Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
Replied 31 May 2012

Agreed with Deepak

CA Manish Garg (CA ) (287 Points)
Replied 31 May 2012

Thanks But say I have invested on 17.08.2011 ..then interest would be ?

DIBYENDU (SERVICE) (266 Points)
Replied 31 May 2012

Then the Interest will be =Rs. 20000.00*8.6%*227/365=Rs. 1069.00

CA Manish Garg (CA ) (287 Points)
Replied 31 May 2012

owk. i.e. in given eg above NSC will mature on 17.08.2017?

Ekta Agarwal (Ca) (31 Points)
Replied 31 May 2012

Interest on NSC is computed @ 8.16% p.a compounded annually...

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