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of <h1>India Launches Inflation-Indexed Savings Bonds for 2013 with Taxable Interest and Early Redemption Options for Seniors.</h1> The Government of India announced the issuance of Inflation Indexed National Savings Securities - Cumulative, 2013, effective from December 23 to December 31, 2013, with a possibility of early closure. Eligible investors include individuals, Hindu Undivided Families, charitable institutions, and universities. Investment limits range from Rs. 5,000 to Rs. 5,00,000 annually. Interest is taxable and calculated at a fixed rate of 1.5% plus inflation, compounded semi-annually. The bonds, non-tradable in secondary markets, serve as collateral for loans and are repayable after 10 years, with early redemption options for seniors and others under specific conditions. Handling charges apply to banks processing subscriptions.
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