NSC Interest Rate (National Savings Certificate)
The National Savings Certificate interest rate is 7.7% a year for July–September 2026.
- Interest rate
- 7.7%
- Quarter
- July–September 2026
- Interest paid
- Annually (compounded annually, payable at maturity)
- Term
- 5 years
- Minimum deposit
- ₹1,000 (multiples of ₹100)
- Maximum
- No maximum limit
The Ministry of Finance sets small savings rates every quarter. For July–September 2026 the National Savings Certificate pays 7.7% a year, annually. The rate was the same in every quarter from October–December 2024 to July–September 2026.
Rules.
- Term: 5 years
- Minimum deposit: ₹1,000 (multiples of ₹100)
- Maximum: No maximum limit
- Matures on completion of 5 years.
- No premature closure except death, forfeiture by pledgee, court order.
- Can be pledged as security.
Tax. Section 80C (now section 123 of the Income-tax Act, 2025) eligible. India Post states these rules under the Income-tax Act, 1961; from 1 April 2026 the Income-tax Act, 2025 applies with new section numbers.
Questions
What is the National Savings Certificate interest rate now?
7.7% a year for July–September 2026, as notified by the Ministry of Finance.
How is the interest paid?
Compounded annually, payable at maturity.
Compare every scheme in the small savings interest rates table.
- Scheme
- National Savings Certificate
- Rate history
Quarter Rate July–September 2026 7.7% April–June 2026 7.7% January–March 2026 7.7% October–December 2025 7.7% July–September 2025 7.7% April–June 2025 7.7% January–March 2025 7.7% October–December 2024 7.7% - Ministry of Finance notification
- dea.gov.in
- Sources
Source Link Ministry of Finance notification, July–September 2026 http://dea.gov.in/files/budget_division_documents/Q2ROI.pdf National Savings Institute: rate history https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=132 compounding https://www.indiapost.gov.in/banking-services/savings - Last checked
Source: Ministry of Finance (Department of Economic Affairs) notifications on small savings interest rates, the National Savings Institute rate history and India Post scheme rules, linked on each record.