Is the 8% Government Savings Bond Worth It?
With falling interest rates and the need to search for good fixed-income investment options without risk to the principal, media attention has turned to the languishing product offering 8%pa returns and carrying sovereign guarantee. It is government of India (GoI) savings (taxable) bonds, 2003, issued by the Reserve Bank of India (RBI). There is no investment ceiling and the lock-in period is...
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