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Home > Videos > From July 1, Government of India Launches Floating Rate Savings Bonds (2020): All you need to know

From July 1, Government of India Launches Floating Rate Savings Bonds (2020): All you need to know

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From July1st 2020 onwards government has announced the launch of Floating Rate Savings Bonds, 2020 which will be taxable with an interest rate of 7.15 per cent. These bonds will be repaid only on the expiry of 7 years. However, senior citizens of specific categories will enjoy premature redemptions. Interest on bonds remain taxable under the income tax act of 1961, and will vary depending on the status of the bond holder. The minimum investment amount is 1000 rupees and the par value is Rs 100. There is no maximum level of investment. Watch the video to know more about Floating Rate Saving Bonds 2020.

 

 

 

 
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