NEWS & ADVICE : FIXED DEPOSITS
NSC of 10 year tenor to attract 8.7% interest
By Neelima Shankar
Dec 2, 2011
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The National Savings Certificate (NSC) has got more attractive interest rates attached to it now. The interest payable on NSC has now been increased to 8.7%.

With effect from December 01, 2011, an investment of Rs 10,000 for 10 years in NSC would fetch returns as per the revised interest rates.

The certificates would be made available in denominations of Rs 100, 500, 1000, 5000 and 10,000.

There is no ceiling to the maximum amount that can be invested in this instrument.


 


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