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Features
The salient features of the Bonds are listed below:
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Feature
8.0% (Taxable)
Investment Limit
Minimum investment is Rs.1000/- and there is no maximum limit
Interest Option
Payable half yearly on 1st Feb., 1st Aug or cumulative on maturity.
Tax Benefits
Interest is taxable under IT Act 1961. Exempt from Wealth Tax under Wealth Tax Act 1957
Pledge
Facilities available with Scheduled Commercial Bank only
Nomination
Available
Repayment
Repayable on expiry of 6 years from date of issue. No interest would accrue after maturity date
Premature Encashment
Not available
Category of Investment
Non Resident Indians are not allowed to invest in these bonds
Untitled Document
Sensex
17868.29
123.71
Nifty
5367.60
41.30
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