https://www.taxtmi.com/news?id=19312 Government-issued taxable savings bonds are open to resident individuals (including joint holdings) and Hindu Undivided Families, issued at par in dematerialised Bond Ledger Accounts with a minimum nominal unit and available on tap in cumulative and non-cumulative forms without any investment ceiling. Interest is taxable while the bonds are wealth-tax exempt; they carry a fixed interest payable half-yearly over a seven-year maturity, are non-transferable, not tradable in secondary markets, and not acceptable as collateral. Nomination by a sole individual holder or sole surviving holder is permitted. en-us Thu, 04 Jan 2018 12:14:59 +0530 Thu, 04 Jan 2018 12:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19312 Government-issued taxable savings bonds are open to resident individuals (including joint holdings) and Hindu Undivided Families, issued at par in dematerialised Bond Ledger Accounts with a minimum nominal unit and available on tap in cumulative and non-cumulative forms without any investment ceiling. Interest is taxable while the bonds are wealth-tax exempt; they carry a fixed interest payable half-yearly over a seven-year maturity, are non-transferable, not tradable in secondary markets, and not acceptable as collateral. Nomination by a sole individual holder or sole surviving holder is permitted. News - Thu, 04 Jan 2018 12:14:59 +0530 https://www.taxtmi.com/news?id=19312