Option | I | II | III | IV |
---|---|---|---|---|
Tax Benefit under Section | 88 | 88 | 88 | 88 |
Issue Price (Rs.) | 5,000 | 5,000 | 5,000 | 5,000 |
Face Value (Rs.) | 5,000 | 6,200 | 5,000 | 7,050 |
Tenure | 3 years | 3 Years 4 Months | 5 Years | 5 Years 4 Months |
Interest(%) (p.a.)* | 6.75 | DDB@(YTM 6.7 %) | 6.75 | DDB@(YTM 6.7 %) |
Interest Payable | Annually | DDB@ | Annually | DDB@ |
Yield to Investor (%) * + # (Including Tax Benefits) | 13.5 | 12.3 | 11.0 | 10.1 |
Interest Payment Dates | May 01 | DDB@ | May 01 | DDB@ |
Redemption date | April 03, 2006 | August 03, 2006 | April 03, 2008 | August 03, 2008 |
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Rates & Charges
FD, RD & iWish
General (390 days - 2 yrs) |
7.00% | Apply Now |
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Senior Citizens (390 days - 2 yrs) |
7.50% | Apply Now |
Investments
The investor can choose any/all of the following options in respect of Tax Saving Bond :
@ Tax Saving Bond Options II and IV are in the nature of Deep Discount Bond (DDB), hence no periodic interest is payable
* Subject to TDS as per the then prevailing tax laws.
+ The yield has been calculated considering the tax rebate of 15% available to the investor and assuming that a surcharge of 5% of tax is payable in case of all the options
# Rounded off to nearest multiple of 0.1.
Face Value : Rs. 5,000/-
Redemption : At Face Value,i.e., Rs. 5,000/
The investors can choose any/all of the following options in respect of payment of interest:
Option | I |
---|---|
Issue Price (Rs.) | 5000/- |
Face Value (Rs.) | 5000/- |
Tenure | 7 years |
Interest(%) (p.a.)* | 6.75 |
Interest Payable | Annually |
Yield to Investor (%)*# | 6.8 |
Interest Payment Dates | May 01 |
Redemption date | April 03, 2010 |
* Subject to TDS as per the then prevailing tax laws.
# Rounded off to the nearest multiple of 0.1.
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