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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

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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 6,250 5,000 7250/-
    Tenure 3 years 3 years 4 months 5 years 5 years 4 months
    Interest (%) (p.a.)* 7.00 DDB@(YTM 6.9 %) 7.25 DDB@(YTM 7.2 %)
    Interest Payable Annually DDB@ Annually DDB@
    Yield to Investor (%) * + # (Including Tax Benefits) 13.8 12.6 11.6 10.7
    Interest Payment Dates March 01 DDB@ March 01 DDB@
    Redemption date February 26, 2006 June 26, 2006 February 26, 2008 June 26, 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.