This article offers a brief summary of the key aspects of the State Bank of India’s RBI Bonds schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
SBI – RBI Bonds Features:
- The Bonds will only be issued in a non-cumulative form.
- There won’t be a maximum limit for investing in these Bonds.
- Regarding Wealth tax, these Bonds will be exempt under the Wealth-tax Act of 1957.
- They are non-tradeable in the Secondary market and are not eligible as collateral for loans from banking institutions, non-banking financial companies, or financial institutions.
How to invest?
Click here to invest in the State Bank of India’s RBI Bonds schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.