Show Hide
Internet Banking Login Apply Online Get In Touch

Poll         Stay Connected         Safe Banking

Deals & More Rates & Charges
Rates & Charges
 
FD, RD & iWish
General
(390 days - 2 yrs)
7.00% Apply Now
Senior Citizens
(390 days - 2 yrs)
7.50% Apply Now
 
Loans
Home Loan
(Upto 30 lacs)
9.00*% Apply Now
Personal Loan
(Upto 20 lacs)
11.25*% Apply Now

More Rates       Service Charges & Fees 

Tools and Calculators

     

    Tax Saving Bond

    The investor can choose any/all of the following options in respect of Tax Saving Bond :

     

    OptionIIIIIIIV
    Tax Benefit under Section 88 88 88 88
    Issue Price (Rs.) 5,000 5,000 5,000 5,000
    Redemption Period 3 years 3 years 4 months 5 years 5 years 4 months
    Face Value (Rs.) 5,000 6,025 5,000 6,750
    Interest(%) (p.a.)* 5.75 DDB@(YTM 5.8 %) 5.75 DDB@(YTM 5.8 %)
    Frequency of interest payment Annual N.A. Annual N.A.
    YTM(%)*# $
    (with tax benefits)
    12.0 11.0 9.7 9.1
    Minimum Application 1 Bond 1 Bond 1 Bond 1 Bond
    Maximum Application 20 Bonds 20 Bonds 20 Bonds 20 Bonds

     

    * Subject to TDS as per the then prevailing tax laws.

    # Rounded off to nearest multiple of 0.1.

    + The yield has been calculated assuming that a tax rebate of 15% is available to the eligible investors and that no surcharge is payable in case of all the options.

    @ Tax Saving Bond Options II and IV are in the nature of Deep Discount Bond (DDB), hence no periodic interest is payable

     

    Regular Income Bond

    Face Value : Rs. 5,000/-

    Redemption : At Face Value, i.e., Rs. 5,000/


    OptionI
    Issue Price (Rs.) 5000/-
    Redemption Period 7 years
    Face Value (Rs.) 5000/-
    Interest(%) (p.a.)* 6.00
    Frequency of interest payment Annual
    YTM(%)p.a. *# 6.0
    Minimum Application 4 Bonds
    Redemption date October 09, 2010

     

    * Subject to TDS as per the then prevailing tax laws.

    # Rounded off to the nearest multiple of 0.1.