Reserve Bank of India Bonds Scheme Being Replaced by 7.75% Savings Bonds Scheme

Posted on:03 Jan 2018 12:59:17
Reserve Bank of India Bonds Scheme Being Replaced by 7.75% Savings Bonds Scheme
03 January 2018 Current Affairs: According to the Finance Ministry, RBI Bonds Scheme closed but the interest rate on such papers lowered to 7.75 percent.

The 8 percent Savings Bonds Scheme, also known as RBI Bonds Scheme, is not being closed but is being replaced by 7.75 percent Savings Bonds Scheme.

These taxable bonds are meant for individual other than Non-Resident Indians with no maximum limit for investment.
According to the Finance Ministry, RBI Bonds Scheme closed but the interest rate on such papers lowered to 7.75 percent.

The 8 percent Savings Bonds Scheme, also known as RBI Bonds Scheme, is not being closed but is being replaced by 7.75 percent Savings Bonds Scheme.

These taxable bonds are meant for individual other than Non-Resident Indians with no maximum limit for investment.

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