Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>India Launches 7.75% Taxable Savings Bonds for Individuals, HUFs; No Max Limit, 7-Year Maturity, Early Exit for Seniors.</h1> The Government of India has announced the issuance of 7.75% Savings (Taxable) Bonds, 2018, effective from January 10, 2018. These bonds are available to individuals and Hindu Undivided Families, with no maximum investment limit. Interest earned is taxable under the Income Tax Act, but the bonds are exempt from wealth tax. Issued at par, the bonds have a minimum investment of Rs. 1,000. They are non-transferable and not tradable in the secondary market. Interest is paid half-yearly or compounded, and the bonds mature in seven years, with provisions for premature encashment for investors aged 60 and above after a specified lock-in period.