• GOI Bonds
  • Key Features
    Maturity Period 6 years
    Rate of Interest 8.0% per annum (Taxable)
    Risk Attached Low Risk
    Minimum Investment Rs. 1,000/-
    Maximum Investment Unlimited in multiples of Rs.1,000/-
    Collateral Facility Available
    Overall Liquidity Not tradable
    Date of Issue Date of realization of the funds
     
    Payment of Interest
    • Non-cumulative (half yearly):Interest to the holders opting for non-cumulative bonds will be paid from date of issue up to 31st July/31st January as the case may be and thereafter half yearly for period ending 30th June /31st December on 1st August and 1st February.
    • Cumulative: Interest at the rate of 8% per annum compounded with half yearly rests and will be paid to the investor on maturity along with principal. (the maturity value of the bonds shall be Rs 1601.00/- for every Rs1000/-) (subject to TDS as applicable).
     
    Tax Concessions
    • Interest on the Bond will be taxable under Income-Tax Act,1961.
    • The bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957.
     
    Eligibility
    The main features of these bonds are as follows:

    1. As an individual;
      1. Who is not a Non-resident Indian
      2. In his or her individual capacity or
      3. On joint basis, or
      4. Anyone or survivor basis, or
      5. On behalf of a minor as father/mother/legal guardian.

    2. As a Hindu Undivided Family

    3. As an Institution
      1. 'Charitable Insititution' under section 25 of the Indian Companies Act 1956.
      2. Institution obtained Certificate Of Registration as charitable institution .
      3. Any Institution which obtained certificate from Income Tax Authority
        U/S 80G of Income Tax Act ,1961. 

    4. "UNIVERSITY" established or incorporated by Central, State or Provincial Act, U/S 3 of University Grants Commission Act, 1956 (3 of 1956) .
     
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