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Tax Saving Bond

Tax Saving Bond

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

Option I II
Tax Benefit under Section 88 88
Issue Price (Rs.) 5,000 5,000
Face Value (Rs.) 5,000 6,700
Tenure 5 years 5 years
Interest(%) (p.a.)* 5.80 DDB@(YTM 5.8 %)
Interest Payable Annually DDB@
Yield to Investor (%) * + # (Including Tax Benefits) 9.8 9.4
Minimum Application 1 Bond 1 Bond

 

@ Tax Saving Bond Option II is 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 nil% and education cess of 2% of tax is payable in case of all the options

# Rounded off to nearest multiple of 0.1.

 

Regular Income Bond

The investor can choose any/all of the following options in respect of Regular Income Bond :

 

Option I II III
Issue Price/Face Value(Rs.) 5,000 5,000 5,000
Tenure 5 years 7 years 10 years
Interest(%) (p.a.)* 6.75 7.00 7.25
Interest Payable Annually Annually Annually
Yield to Investor (%) * # 6.8 7.0 7.3
Minimum Application 3 Bonds 3 Bonds 3 Bonds

 

* Subject to TDS as per the then prevailing tax laws.

# Rounded off to nearest multiple of 0.1.

 

Children Growth Bond

The investor can choose any/all of the following options in respect of Children Growth Bond :

 

Option I II
Issue Price (Rs.) 5,000 5,000
Face Value (Rs.) 8,000 10,000
Tenure 7 years 10 years
Interest Payable DDB@ DDB@
Yield to Investor (%) * # 6.9 7.2
Minimum Application 2 Bonds 2 Bonds

 

@ All Options 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.

# Rounded off to nearest multiple of 0.1.