Saturday, June 30, 2012

Savings And Investment Scheme Guide For Indian Poor And Middle Class:RBI Savings Bonds

What Scheme Mean?
The RBI savings bonds or government of India bonds is an assured return scheme backed by the government, and is one of the safest instruments available to those seeking fixed and assured returns.
 
Eligibility
As to be resident of India.

Entry Age
No Age limit.

Investment
Minimum:Rs1000
Maximum:no Upper limit
Certificates are in multiples of Rs1000

Interest
8%per annum
Non-cumulative payable for half-yearly and cumulative payable on maturity.
Investors can also opt for cumulative interest which is paid on maturity.

Account Holding Type
Individual,Joint,Minor,HUF

Tenure
6 years

Tax Benefits
No tax benefits.

How to Join The Scheme/Account/Deposit/Policy?
  • You need to fill the form provided by the bond issuer.
  • You need PAN card and Demat Account.
  • You can hold the account physical form or demat account.
  • Address and Identity proof.
  • Carry Original Document for verification.
  • A bond certificates will be issued if holding in physical.
  • Choose nominee and witness signature.
Objective And Risk
The main objective of investing in this bond is the guaranteed 8% return on Investment.

Tips
Its provide income.Certificates can be bought every month for continuances income.

1 comment:

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