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

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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

Application Process and Submission Centre


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9 Thoughts on “HDFC BANK 8% Savings (Taxable) Bonds 2003 Application Form”

  • I have applied for 8% GOI Bond & my account was debited on 27th Sep 2017 but till date I have not received BOND Certificate.

    How many days it take for issuance of Bond Certificate?

  • By sending all documents & cheque, wheather the bond certificate can be send by post to any parts of India

  • Can a senior citizen who has invested in Bond ,file form no 15 H for non deduction of income tax?

  • I got an SMS saying that Invest in RBI-Govt-Bonds & earn 8% interest p.a.,paid half yearly, period 6 yrs.For details this website url was given..How are these bonds different from FDs?They are taxable right?And under what category will the interest amount be taxed?What role does RBI play here?And is there a time period for investing as in opening/closing date etc?Plz advise as I m new to financial investments..ThankYou for ur time and advice.

  • I have purchased cumulative bonds for about thirty lakhs. Now what Income shall I show to file my Income Tax Return? As you are not crediting the intrest and not deducting TDS for the cumulative,I should not show any income on Bonds? If will show when I will get maturity, my income will be much higher for that year. So guide me, for I.T. Return what shall I show?

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