RBI taxable Bonds
The interest rates on deposits of public sector banks (PSBs) have steadily declined over the past couple of years. RBI’s bonds seem attractive,
These bonds are popularly known as RBI or GOI bonds and are available on tap all through the year through nationalized banks. A few private sector banks too allow these investments – Axis, ICICI and HDFC banks.
You can invest a minimum amount of Rs 1000 and there is no upper limit. These bonds are issued in demat form.