GOI Bonds

The 8% Government of India Savings (taxable) bonds, 2003 is a bond issued by the Reserve Bank of India (RBI) commencing April 21, 2003. The bonds are available for purchase by individuals. As the name indicates, the rate of interest offered on the bond is 8% per annum. Interest is taxable in the hands of the investor. Since bonds are issued on behalf of the Government of India, it is the safest investment any investor can look for. However, interest on the bonds is taxable and it has a lock in of six years.

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

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