Investment option for debt investors: A look at new instrument for Indians

The 7.75% savings (taxable) bonds willl be launched on January 10. A closer look at the new investment instrument available for Indian citizens.

WHO CAN INVEST 

* Open to investment by individuals (including joint holdings) and Hindu undivided families

* NRIs are not eligible to invest in these bonds 

 SUBSCRIPTION 

* Applications for the bonds will be in the form of Bond Ledger Account 

* Will be received in the designated branches of agency banks and SHCIL  

 PERIOD 

* Will be on tap till further notice  and issued in cumulative and non-cumulative forms

 ISSUE PRICE 

* To be issued at par that is at Rs 100 

* Will be issued