Govt. of India (GOI)- RBI 8% Savings (Taxable) Bonds 2003 Application Form

SBI 8% Savings (Taxable) Govt. of India Bonds 2003 Application FormFeatures: You will get some exclusive features and benefits with your SBI 8% Savings Bonds

  • 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, investors need to surrender Bond Certificate to received maturity amount.
  • 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 SBI 8% Savings (Taxable) Bonds?
SBI 8% Savings (Taxable) Bond 2003 Application Form
Application Process and Form Submission/Collection Centers
FAQ:
SBI 8% Savings (Taxable) Bonds, 2003 – Premature Withdrawal / Encashment Rules

 

6 Thoughts on “SBI 8% Savings (Taxable) Bonds 2003”

Leave a Reply

Your email address will not be published. Required fields are marked *

*