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. source:DD News
News On AIR | December 25, 2013 10:19 PM
Govt launches inflation indexed saving bonds