Is there only 5 year NSC and no 10 year NSC? What is the interest?
Previously, two types of NSCs were available, namely the 5 year NSC (NSC VIII) and the 10 year NSC (NSC IX). However, following the discontinuation of the 10 year NSC, at present only the 5 year NSC is available for subscription. For the quarter October to December 2018, the interest rate on 5 year NSCs is 8% p.a, compounding yearly.
Looking for a Fixed Deposit? Click here.