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NSC interest rate

The NSC interest rate is 7.7% for October to December 2026. What it earns on your money, when the rate is next revised, and the full rate history.

October to December 2026Best for: A fixed 5-year return with a tax deductionChecked 21 October 2026
Current rate7.7%a year · compounded yearly, paid at maturity
In effect since1 April 2023Previous 7.0% · +0.7%
₹1 lakh for 5 years₹1,44,903at maturity, at 7.7%

Rate history

Every change since 1 April 2020. Ministry of Finance, every quarter.

In effect fromRateChange
1 April 2023Current7.7%+0.7%
1 January 20237.0%+0.2%
1 April 20206.8%–
The rates for January to March 2027 are due to be announced by 31 December 2026.

Key facts

Who can open
Any resident individual
Deposit
From ₹1,000, no upper limit
Term
5 years; interest is paid at maturity
Tax
Interest taxable; deposit deductible in the old regime

Run your numbers

Other rates

All interest rates →

About the NSC rate

How the rate is set

The Ministry of Finance reviews small savings rates every quarter, broadly in line with government bond yields of similar maturity, and announces them just before each quarter begins.

Rate: 7.7% a year, compounded yearly, paid at maturity.

Open the NSC calculatorNational Savings Certificate maturity. Uses the current rate by default.Open the calculator

Frequently asked questions

What is the current NSC interest rate?

7.7% (October to December 2026). It has applied since 1 April 2023.

When will the NSC rate change next?

The rates for January to March 2027 are due to be announced by 31 December 2026.

What was the previous NSC rate?

7.0%, from 1 January 2023 until 1 April 2023.

Does a rate change apply to my existing NSC?

No. The rate on the day you invest is locked in for the full term of the deposit.

Sources