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Tax Saving Bond

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

Option I II III IV
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.