NABARD Tax saving bonds
The National Bank for Agriculture and Rural Development (NABARD) on Saturday launched rural bonds that will be issued at Rs 1,000 each.
Subscribers have to apply for a minimum of five bonds and thereafter in multiples of one bond, a press release stated.
The NABARD bonds will be of five years tenure and carry a coupon rate of 8.25 per cent for general public and 8.75 per cent for senior citizens.
The bonds can be held in both physical as well as in demat form.
Subscription to these bonds will be eligible for deduction under Section 80 (C) of the Income Tax Act, 1961, the release said.
HDFC is the collecting banker for the issue.
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a n bhave said,
November 10, 2008 @ 5:24 pm
Is tax diducted at source on the interest Is monthly interest paid or at whwat periods?
a n bhave said,
November 10, 2008 @ 5:25 pm
What is URI?
savan shah said,
February 2, 2009 @ 9:20 pm
whats the duration of the bond? also give information about other investment options.
kausik basu said,
February 28, 2009 @ 1:14 pm
what is the maximum age at entry?
jigisha jitendra shah said,
April 13, 2009 @ 3:17 pm
how is the interset paid,monthly,quaterly or annually?
what is uri?
how much can one invest upto?
bhavik jitendra shah said,
April 13, 2009 @ 3:19 pm
how is the interset paid,monthly,quaterly or annually?
what is uri?
how much can one invest upto?
bhavik jitendra shah said,
April 13, 2009 @ 3:25 pm
how is the interest paid,monthly,quaterly or annually?
what is uri?
how much can one invest upto?
Meenu Ahuja said,
April 29, 2009 @ 7:32 pm
When this bonds will be issue?