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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
    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

     

    @ 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.

     

    Regular Income Bond

    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:

     

    OptionI
    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.