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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 6 months 5 years 5 years 6 months
    Face Value (Rs.) 5,000 6,025 5,000 6,700
    Interest(%) (p.a.)* 5.50 Deep Discount Bond 5.50 Deep Discount Bond
    Frequency of interest payment Annual N.A. Annual N.A.
    YTM (%)*# $
    (with tax benefits)
    11.7 10.5 9.4 8.6
    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.