Get the best of both worlds. Returns and safety.
What are the key things we check in an investment product while investing? Safety and returns. While some products are absolutely safe, they may not offer a reasonable rate of returns, and those who have the potential to generate higher returns carry higher risk.
RBI Savings Bond is one such investment product where you can get the right balance of both these factors
The RBI savings bonds are not tradable in the Secondary market and are not eligible as collateral for taking loans from banking institutions, non-banking financial companies or financial institutions.
Features of RBI Savings Bonds
Minimum lock-in period for Senior citizens for premature withdrawals
Limitations: These RBI Savings Bonds cannot be traded in the secondary market and are not eligible to be used as collateral for loans. These are also not transferable. No income tax exemption available, however, the bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957
We are more than happy to answer your queries