Are GoI 7.75% Taxable Bonds for You?
The government has discontinued 8% Government of India (GoI) Savings (Taxable) Bonds, 2003, for subscription. It has launched 7.75% Savings (Taxable) Bonds, 2018. The interest is payable semi-annually for non-cumulative mode; cumulative mode is also offered. Just like public provident fund (PPF) has been made out of bounds for NRIs (non-resident Indians), these GoI bonds too are not for NRIs....
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