Govt launches inflation indexed saving bonds

  • 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.
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