HDFC BANK 8% Savings (Taxable) Bonds 2003 Application Form Govt. of India RBI Bonds

Features and benefits of Govt. of India (GOI) RBI 8% Savings (Taxable) Bonds 2003

  • 8%p.a. rate of interest
  • Minimum investment of Rs.1,000
  • No maximum limit on investment
  • 6 years tenure of the bond from the date of issue
  • 100% risk free investment option
  • Choose from Half Yearly Payable interest and Cumulative interest
  • For Half-yearly period ending 31st July/31st January interest paid on 1st August and 1st February.
  • On Maturity, amount will be credited to your Bank A/c directly. No Need to surrender Bond Certificate.
  • No income tax exemption.
  • However, the bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957.
  • Interest on Bond will be paid, by through ECS etc. by credit to bank a/c
  • The Bonds shall not be tradeable in the secondary market.
  • Bonds shall be entitled to create pledge, hypothecation or lien for loans.

Who are eligible to invest in HDFC BANK RBI - GOI 8% Savings (Taxable) Bonds?

Application Forms

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