GOVT
LAUNCHES INFLATION INDEXED SAVING BONDS
Government has launched inflation
indexed saving bonds, which offer protection to retail investors from price
rise.
It is open for subscription between December
23-31.The minimum limit for investment is Rs 5,000 and the maximum is Rs 5 lakh
per applicant per annum.
Interest rate would be linked to Consumer Price Index (CPI).The same will be
compounded in the principal on half-yearly basis and paid at the time of
maturity.
Besides, eligible investors can approach three private sector banks -- HDFC
Bank, ICICI Bank and Axis Bank -- and Stock Holding Corporation of India.
No comments:
Post a Comment