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Inflation Indexed Bond:Ministry Of Finance

If you are worried about Inflation then Government of India brings you inflation indexed bonds that will protect your savings from inflation and allow you to earn more interest on your savings.

Key Points:

Ø  Minimum investment is 5000/- and maximum investment 5,00,000/- per annum.
Ø  Tenor of bonds is 10 years.
Ø  Rate of Interest (1.5%+Inflation Rate) for example 1.5%+9.5% ( current inflation rate)= 11%
Ø  One can nominate one or more persons including NRI’s
Ø  One can pledge the security for taking loan.
Ø  Its is a rick free financial instrument.
Ø  One can get the bond from SBI & Associates, Nationalised Banks,  HDFC Bank, ICICI bank, Axis Bank, SHCIL.