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8% (taxable) RBI Relief Bond

For Whom ?

• Charitable Trusts - This is the best option available to trusts.
• Resident Individuals - In the name of Minor & HUF’s

Limit of Investment: No maximum limit

Interest: 8% p.a. payable half-yearly or Rs.1,000 becomes Rs.1,601 after 5 years

Period/ Duration: 5 Years

Investment: Min. Rs.1,000 and no upper limit

Tax Benefits: Income Taxable but Wealth Tax exempted

Transferability: Non Transferable and pledgeable

Clarification on TDS: No TDS will be deducted as per the recent notification