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Offer Zone Rates & Charges
Rates & Charges
 
FD, RD & iWish
General
(390 days - 2 yrs)
8.75% Apply Now
Senior Citizens
(390 days - 2 yrs)
9.25% Apply Now
 
Loans
Home Loan 
(Upto 75 lacs)
10.15*% Apply Now
Personal Loan
(Upto 15 lacs)
13.00*% Apply Now

More Rates       Service Charges & Fees

GOI Bonds

Features

Maturity Period

6 years

Rate of Interest

8.0% per annum (Taxable)

Risk Attached

Low Risk

Minimum Inv

1,000/-

Collateral Facility

Available

Overall Liquidity

Not tradable

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

Nomination

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