- https://economictimes.indiatimes.com/markets/bonds/investors-flocking-to-tax-free-government-bonds/articleshow/71750011.cms?from=mdr
- https://timesofindia.indiatimes.com/business/faqs/mutual-fund-faqs/government-bonds-in-india-check-benefits-how-to-buy-and-other-details-here/articleshow/68267149.cms
- https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.asp
- From 01.07.2019 , interest rates are as follows:-
- 8.6 % per annum,
- payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter,
- interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.
- An individual of the Age of 60 years or more may open the account.
- Maturity period is 5 years
- Nomination facility is available at the time of opening and also after opening of account
- Premature closure is allowed,
(i) If closed before 1 year , no interest will be payable, if paid already will be recovered.
(ii) after one year on deduction of an amount equal to 1.5% of the deposit to be deducted
(iii) after 2 years 1% of the deposit to be deducted.
- TDS is deducted at source on interest if the interest amount is more than INR 50,000/-
- p.a
- XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- 8.6 % per annum,
- payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter,
- interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.
- An individual of the Age of 60 years or more may open the account.
- Maturity period is 5 years
- Nomination facility is available at the time of opening and also after opening of account
- Premature closure is allowed,
(i) If closed before 1 year , no interest will be payable, if paid already will be recovered.
(ii) after one year on deduction of an amount equal to 1.5% of the deposit to be deducted
(iii) after 2 years 1% of the deposit to be deducted. - TDS is deducted at source on interest if the interest amount is more than INR 50,000/-
- p.a
- XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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