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Saving Schemes
RBI 8% Savings (Taxable) Bonds 2003
Popularly known as RBI Bonds. These bonds have tenure of 6 years. Interest can be received half yearly or annually. Also one can opt for Cumulative Interest up to date of maturity.
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NABARD - Bhavishya Nirman Bonds
Invest Rs. 8250 and get Rs. 20000 after 10 years. (w.e.f. 01.06.07)
"AAA" rating by CRISIL & CARE.
No TDS.
Income will be treated as Capital Gain & taxed accordingly.
Benefit of Indexations.
5% interest on application money (till the date of allotment).
Allotment: Dated 1st of every month.
Listing: BSE - minimum 50 bonds lot.
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9% Senior Citizen Scheme
Popularly known as SCSS. This scheme provides opportunity to persons above 60 years of age to earn their regular income.
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