HDFC Securities brings to you a safe investment option of 'RBI 8% Savings(Taxable)
Bond'
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Features:- The returns would be @ 8% p.a. payable half yearly(for non-cumulative
option) Cumulative option is also available whereby Interest is payable at maturity.
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Tenure:- The tenure of the bond is 6 years from the date of issue.No interest
would accrue after the maturity of the bond.
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Limit of Investment: No Max. Limit.
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Face Value of Bond: Rs. 1,000/- .
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Interest: 8% payable half yearly( non-cumulative option).
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Liquidity: Neither Transferable nor tradeable. Can be pledged or hypothecated
as collateral for obtaining loan from scheduled banks.
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Income Tax: Interest is taxable. However, institution who have made declaration
in the application form that they have obtained exemption from tax and have submitted
a true copy of the certificate from I.T. authorities shall be exempt from TDS.
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Wealth Tax: Not Applicable.
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Who can own: Singly, jointly, anyone or survivor. It can also be done on
behalf of minor by parents or legal guardian.
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Click Here to register.
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