{"id":7747,"date":"2018-01-05T01:22:24","date_gmt":"2018-01-04T19:52:24","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=7747"},"modified":"2019-02-15T10:50:14","modified_gmt":"2019-02-15T05:20:14","slug":"government-savings-bonds-invest","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/government-savings-bonds-invest\/","title":{"rendered":"7.75% Government of India Savings (Taxable) Bonds 2018 \u2013 Should you Invest?"},"content":{"rendered":"
The 8% Government of India Savings (Taxable) Bonds, 2003 has been closed for subscription from January 2, 2018. Now the same bonds would be relaunched offering 7.75% interest and maturity of 7 years from January 10, 2018<\/strong>. We look at the salient features of these GOI bond so that you can decide if it\u2019s right investment for you!<\/p>\n Interest Offered:<\/strong>\u00a07.75% (compounded\/payable half-yearly)<\/p>\n Issued by:<\/strong> Reserve Bank of India<\/p>\n Eligible Investors:<\/strong> Individuals (single, joint or minor), HUFs, Charitable Trusts and Universities. However NRIs are NOT eligible to invest.<\/strong><\/p>\n Face Value of Bond:<\/strong> Rs 1,000<\/p>\n Minimum Investment:<\/strong> 1 bond (Rs 1,000)<\/p>\n Maximum Investment:<\/strong> There is NO maximum limit for investment<\/p>\n Also Read:<\/strong>13 Investments to Generate Regular Income<\/a><\/p>\n<\/blockquote>\n Bond Tenure:<\/strong> 7 Years<\/p>\n Investment Options:<\/strong><\/p>\n Tax:<\/strong> The interest received is added to your income and taxed at your income tax slab rates<\/p>\n TDS:<\/strong> TDS is deducted if the interest income in a year exceeds Rs 10,000.<\/p>\n Also Read:<\/strong>\u00a025 Tax Free Incomes & Investments in India<\/a><\/p>\n<\/blockquote>\n Transfer:<\/strong> These bonds cannot be transferred from one holder to other<\/p>\n Trading:<\/strong> These bonds cannot be traded<\/p>\n Collateral for Loan:<\/strong> CANNOT be put as collateral to avail loan from any institution<\/p>\n Nomination<\/strong> facility is available<\/p>\n Premature withdrawal:<\/strong><\/p>\n In case of joint holders or more than two holders of the Bond, the above lock\u00a0in period will be applicable even if any one of the holders fulfills the above\u00a0conditions of eligibility<\/strong>.<\/p>\n In case of pre-mature surrender 50% of the interest due and payable for the last six months of the holding period will be recovered as penalty from the investor.<\/p>\n Partial Withdrawal:<\/strong> Not permitted<\/p>\n Where to Buy:<\/strong> You can buy GOI Bonds from Authorized branches of State Bank of India, Associate Banks, Nationalized Banks, a few private sector banks like ICICI, HDFC and Stock Holding Corporation of India Ltd. Offices.<\/p>\n You can read the official Press release on RBI Website<\/a>.<\/strong><\/p>\n Also Read:\u00a0<\/strong>Highest Interest Rate on Bank Fixed Deposits (FD)<\/a><\/p><\/blockquote>\nSalient Features: 7.75% GOI Savings (Taxable) Bonds 2018<\/h2>\n
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Why you should Invest?<\/h2>\n
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Why you should NOT Invest?<\/h2>\n
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