Easy Chart To Compute Accrued Interest on NSC & KVP!

National Saving Certificate (VIII) is issued for 6 years. Premature withdrawl is not allowed.No TDS at the time of encashment.Can be purchased on Minor’s name , but an NRI is not eligible to purchase NSC.It is available in denomination of Rs100,Rs500,Rs 1000, Rs 5000 & Rs 10,000.

Accrued Interest on NSC of Rs 100

Year of Accrual	If purchased on or after 1/3/2001 but before 1/3/2002	If purchased on or after 1/3/2002 but before 1/3/2003	If purchased on or after  1/3/2003
First year	9.72	9.20	8.16
Second Year	10.67	10.05	8.83
Third year	11.71	10.97	9.55
Fourth Year	12.85	11.98	10.33
Fifth Year	14.10	13.09	11.17
Sixth Year	15.47	14.29	12.08

Kisan Vikas Patra doubles your money in 8 years & 7 months. No TDS on interest. Interest paid only on maturity.

Accrued Interest  On Kisan Vikas Patra For Rs 1000

Period from the date of certificate to the date of its encashment	Purchased between 15/1/2000 to 28/2/2001	Purchased between 1/3/2001 to 28/2/2002	Purchased between 1/3/2002 to 28/2/2003	Purchased from 1/3/2003
1st year	N. A	N. A	N. A	N. A
2nd year	N.A	N. A	N. A	N. A
2 Yrs & 6 months	1246	1209	1195	1170.51
3 years	1302	1274	1256	1207.95
3 years & 6 months	1407	1327	1305	1267.19
4 years	1478	1409	1382	1310.8
4 years & 6 months	1585	1470	1439	1355.9
5 years	1668	1572	1534	1435.63
5 years & 6 months	1779	1644	1602	1488.49
6 years	1874	1770	1672	1543.3
6 years & 6 months	2000	1857	1800	1649.13
7 years		—-	1883	1713.82
7 years & 3 months		2000	—–	——-
7 years & 6 months			—-	1781.06
7 years & 8 months			2000	—–
8 years or more but less than 8 yrs 7 months			—-	1850.93
8 years & 7 months			—-	2000