GOI Savings Bonds – Investment Option Alternative
GOI Savings Bonds are instruments which are issued via the Reserve Bank of India and currently has one option. You will see these are amongst the many safest instruments designed for investment, and you could also be assured receiving back the complete magnitude of your investment.
8% rate of interest every year, and that is taxable. The maturity period of time of 8% (taxable) bond is 6 years.
The smallest investment is Rs 1,000. An individual can apply in multiples of Rs 1,000 thereafter. Of course there is not any prescribed upper limit to acquire this instrument.
You can get to know about RBI credit policy to understand the implications of credit squeeze. ast but not least we are happy to announce the Google considers us one among the best stock sites in India and it gives us all the more incentive to work hard.
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