THINKING TO INVEST YOUR MONEY IN FIXED RETURN INVESTMENT

THINKING TO INVEST YOUR MONEY IN FIXED RETURN INVESTMENT

IF YOU ARE THINKING TO INVEST YOUR MONEY AND YOU ARE CONSERVATIVE IN APPROACH WHEN IT COMES TO INVESTMENT, THEN YOU CAN INVEST IN THE SAVING BONDS LIKE HDFC 8% SAVING BONDS

IN THIS INVESTMENT, INVESTOR HAS AN OPTION TO CHOOSE CUMULATIVE OR NON CUMULATIVE BOND OPTION. THESE BONDS ARE ISSUED IN THE DOMINATION OF Rs 1000 AND THERE IS NO UPPER LIMIT OF INVESTMENT.

THE TENURE OF INVESTMENT IS 6 YEARS FORM THE DATE OF ISSUE. NO INTEREST IS ACCRUE AFTER THE MATURITY OF THE BONDS. THE INVESTOR WILL EARN 8 % OF INTEREST ON PER ANNUM BASIS AND THE END OF 6 YEAR, THE INVESTOR WILL EARN Rs 1601 OF EVERY Rs 1000 INVESTED BY HIM.

TAX IMPLICATION

THE INTEREST INCOME FROM THE BONDS IS TAXABLE IN THE HANDS OF INVESTOR. TDS IS DEDUCTED AT THE TIME OF CREDIT OF INTEREST.

ELIGIBILITY

ANY INDIVIDUAL, NOT BEING THE NON RESIDENT INDIAN, AN HINDU UNDIVIDED FAMILY, A CHARITABLE INSTITUTION

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http://www.hdfcbank.com/personal/investments/bonds/bonds_savingstaxable.htm