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Offer Zone Rates & Charges
Rates & Charges
FD, RD & iWish
(390 days - 2 yrs)
9.00% Apply Now
Senior Citizens
(390 days - 2 yrs)
9.50% Apply Now
Home Loan 
(Upto 75 lacs)
10.15*% Apply Now
Personal Loan
(Upto 15 lacs)
13.49*% Apply Now

More Rates       Service Charges & Fees

Features of 8% (Taxable) GOI Savings Bonds, 2003

1. Maturity Period

6 years

2. Rate of Interest

8.0% per annum (Taxable)

3. Risk Attached

Low Risk

4. Minimum Inv


5. Collateral Facility


6. Overall Liquidity

Not tradable

7. Date of Issue

Date of realization of the funds

Payment of Interest

  • Non-cumulative (half yearly): Interest to the holders opting for non-cumulative bonds will be paid from date of issue up to 31st July/31st January as the case may be and thereafter half yearly for period ending 30th June /31st December on 1st August and 1st February
  • Cumulative Interest at the rate of 8% per annum compounded with half yearly rests and will be paid to the investor on maturity along with principal. (the maturity value of the bonds shall be Rs 1601.00/- for every Rs1000/-) (subject to TDS as applicable)

Tax Concessions

Interest on the Bond will be taxable under Income-Tax Act,1961


The bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957


This facility will be available for Individual investment on sole holder or surviving holder basis. Customer can provide nomination by applying in Form B


This facility will not be available for joint holdings and minor investment