Government of India Savings (Taxable) Bonds

The main features of these bonds are as follows:

8% Savings Bonds (Taxable), 2003
Maturity Period 6 years
Maximum Investment Unlimited in multiples of Rs.1,000/-
On Maturity Rs.1601 (for every 1000)
Collateral Facility Available
Minimum Investment Rs. 1000/-
Date of Issue Date of realization of the funds
Form of Bond Only in the form of Bonds Ledger Account
Taxability TDS, Interest is considered as income under taxable head
Nomination Yes
Transferable No
Risk Attached Low Risk
Loan Available No
Rate of Interest 8.0% per annum (Taxable)
Tradability No
Eligibility Individual, NRI, HUF, Charitable institution or University
Subscription In the form of Cash/Drafts/Cheques to the bank
Overall Liquidity Not tradable
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