INVEST RS.47500 & GET RS. 100000 AFTER 10 YEARS
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NABARD – BHAVISHYA NIRMAN BONDS
INVEST RS.47500 & GET RS. 100000 AFTER 10 YEARS
Bond Price Rs.9500 per Bond
Minimum Bonds 5 (FIVE)
Amount Payable on application Rs.47500
Maturity value Rs.100000
Tenure 10 years
Gross yield Rs.52500
Capital Gain Tax 10% without indexation benefit
Rs.5250
Post Tax Return Rs.47250
Compounded yield 7.73%
Post Tax Simple yield 9.95%
Post Tax compounded yield Zero coupon bond
7.15%
YTM (post Tax) (Rs.47500 X 9.95% X 10years = Rs.47250) 9.95%
Application Money 3.50%
NRI (Non Resident Indian) also can invest in BNB Bonds. They will be allowed to invest in Indian rupee only. However, while accepting the investments from NRIs, it must be clear that tax will be deducted at source in terms of IT Act, 1961.
NRI may tick in ‘others (specify)’ column and write ‘NRI’.
- “AAA” Rating by CRISIL & CARE.
- Income will be treated as Capital Gain & taxed accordingly.
- Benefit of Indexation.
- Allotment of Bonds : 1st of Every Month.
- Listing : on BSE
- Trade : Minimum lot size of 5 bonds.
Application form can be down load from : nabard.org thereafter Click on Bhavishya Nirman Bonds.
Bankers to the Bond Scheme : AXIS BANK ( formerly known as UTI bank)
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