Secure Your Income With GOI Bonds
Government Bonds or GOI Bonds are the typical bonds issued by the Central Government of India and RBI is in the responsibility to maintain the GOI Bonds. Whenever The Government requires money for the welfare of its people, the government sells the bonds to the public. In return, the government will pay a fixed interest rate to the investors buying the bonds. Hence, two things are clear: GOI bonds are the bonds by Government and the GOI Bonds interest rate is always pre-determined.
Floating Rate Savings Bonds is the GOI Bonds 2020. The government of India has declared to introduce the Floating Rate Savings Bonds, 2020 scheme initiating from 1st July 2020. The main motive behind introducing this scheme is to enable Resident Indians or HUF to invest in a taxable bond without a monetary ceiling. This new scheme of GOI bonds is taxable.
What Is The Offer?
- FRS or Floating rate investment bonds allow the investors to invest minimum Rs.1000/- to the infinity.
- The tenure is of seven years.
- Resident individuals and HUF can invest in Floating rate investment bonds.
- Since the Government is the issuer of the FRS bond, the risk is minimal.
- The FRS GOI Bonds interest rate is 7.15%.
- The interest is payable half-yearly on 1st January and 1st July every year.
- According to the income tax slab applicable to the individual investor’s income, the interest of the FRS bonds will get taxed.
Why We Recommend Floating Rate Savings Bonds
If you are among the investors who are looking for the effective ways to bulk up their capital, we strictly recommend you for Floating Rate Savings Bonds. Why you should go for it?
Check out the following points
Capital Gain Bonds India
Enjoy Tax Exemption With Long-Term Capital Gain Bonds
Under Section 54EC of Income Tax, investing in Capital Gain Bonds is the most beneficial way to experience tax exemption deriving from the sale of assets. The benefits of Capital Gain Bonds can be pointed out by two simple terms, tax deduction and long-term capital gain bonds. You need to invest in 54EC capital gain bonds to avail of the tax deduction.
What Are The Key Features Of Capital Gain Bonds?
- 54EC capital gain bonds India are AAA rated. Hence they got the label of extreme safety and security.
- Long term capital gain bonds interest rate is 5% p.a., which the investor can pay it annually. Additionally, you will experience zero TDS deduction on 54EC bonds.
- Long-term capital Bonds come with 5 years of maturity schedule. They are non-transferable.
- One capital bond is of amount Rs.10,000/-, and one can invest in a maximum 500 of 54EC bonds. It clearly shows you can invest up to 50lakhs in capital bonds within a financial year.
What Are The Benefits?
Take a close look at the benefits you can avail of with investing in 54EC bonds.