National Savings Certificate (NSC - VIII Issue) Interest Rate Since Inception

Historical NSC (VIII Issue) interest rate data since 1989, reflecting long-term savings yield trends from the Ministry of Finance and NSI notifications.

Source: National Savings Institute (NSI)

LATEST VALUE (Apr 2023 - Sep 2026)7.7%
MAX VALUE12% in May 1989 – Dec 1998
GROWTH SINCE START-35.8%May 1989 – Dec 1998 to Apr 2023 - Sep 2026
YEARS OF DATA34 YearsMay 1989 – Dec 1998 to Apr 2023 - Sep 2026
TOTAL DATA POINTS20Monthly Observations

National Savings Certificate (NSC – VIII Issue) Interest Rate (%)(%)

Last UpdatedJan 31, 2026
May 1989 – Dec 1998
12 %
Apr 2023 - Sep 2026
7.7 %
Formula
Formula
Interest Rate = Annual return offered for the period.

Shows how official rates set by RBI or Government changed over time.

Source
Source
National Savings Institute (NSI)
How to explore
How to explore
  • Use time filters to compare old vs new rate regimes.
  • Observe policy-driven rate cuts or hikes.

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