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GOI-Bonds-1

GOI Bonds

Features

Maturity Period 7 years
Rate of Interest 7.75% per annum (Taxable)
Risk Attached Low Risk
Minimum Inv 1,000/-
Collateral Facility Not Available
Overall Liquidity Not tradable
Date of Issue Date of realization of Funds

 

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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 31th July and 31st January on 1st August and 1st February
  • Cumulative Interest at the rate of 7.75% 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 1703.00/- 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 minor investment