“While Dreams Simply Require Imagination, Achieving Them Requires Much More.
Our Mission Is To Help Clients Achieve Their Dreams”
“While Dreams Simply Require Imagination, Achieving Them Requires Much More.
Our Mission Is To Help Clients Achieve Their Dreams”
After discontinuing its 7.75% fixed interest rate bonds on the 28th May 2020, the RBI has come out with its new “floating rate savings bonds” on 26th June 2020, which were available from 1st July 2020.
Let’s Understand its Features:
Launch Date – 01-07-2020
Who can Apply – Indian Residential Individual & HUF
Issue Price – Rs. 1000 per Bond
Minimum Investment – Rs. 1000 and multiple of Rs.1000
Maximum Investment – There is no maximum limit for Investment in this Bond
Interest Rate – Floating
Interest Payout Option – Semi annually on 1st January and 1st July every year (Cumulative option not available)
Tenure – 7 years from date of issue
Nomination Facility – Available for Individual Applicant (not for Minor applicant)
Taxability and TDS – Interest is fully taxable & TDS is applicable on interest paid
Transfer – Transfer of this bond is not allowed unless the death of applicant
Premature Redemption - Premature Redemption is not allowed except –
|
Applicant Age (Only for Individual) |
From which year Premature redemption allowed |
|
60-70 |
7th year |
|
70-80 |
6th year |
|
>80 |
5th year |
*Note - The redemption payment will only be made on the next due date for payment of interest, i.e. 1st January or 1st July after application for such redemption is received. While paying such maturity proceeds, 50% of the interest due for the last half year shall be deducted as penalty for premature redemption.
+91-261-4023000
(Monday to Friday 9:30 AM to 6 PM)
MoneyTree Wealth Advisors © 2020
.png)
.png)
.png)
Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
AMFI Registered Mutual Fund Distributor – ARN- 27531| Date of initial registration – 02-APR-2027 | Current validity of ARN – 15-SEP-2029
AMFI Registered SIF Distributor – ARN- 27531| Date of initial registration – 06-OCT-2026 | Current validity of ARN – 15-SEP-2029
Grievance Officer- Mr. ABCD | demo@yourdomain.com
Important Links | Disclaimer | Disclosure | Privacy Policy | SID/SAI/KIM | Code of Conduct | SEBI Circulars | AMFI Risk Factors
