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Investments

7.75% Savings (Taxable) Bonds 2018

Make convenient investments with low-risk returns

Pick Investment Plans

Choose between cumulative and non-cumulative bond options

High Interest Rate

Bonds bear an interest rate of 7.75% p.a.

Investment Amount

Minimum - Rs. 1,000
Maximum – No upper limit on investment in bonds

Long Maturity Period

Bonds mature on the expiration of a period of 7 years from the date of issue

Features and Benefits

Invest in an 7.75% Savings Bond, issued by the Reserve Bank of India available at these designated Axis Bank branches
Decide between cumulative and non-cumulative options
  • Bonds will bear interest at 7.75% per annum.
  • For investors opting for the non-cumulative option, interest is payable on a half-yearly basis. Half-yearly interest is payable on 1st February /1st August.
  • In case of the cumulative option, interest is payable at the time of maturity.
  • Minimum investment amount Rs. 1,000 (face value of Rs. 1,000) and in multiples of Rs. 1,000 thereof
  • No limit on maximum investment for bonds
Bonds shall mature on the expiration of a period of seven years from the date of issue
While the interest on bonds is taxable, wealth tax is exempted
Nomination facility available for sole-holders
Bonds are not transferable

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