Debentures and Bonds

Salient features

• Individuals and business concerns can invest
• Hassle free investment
• Individuals and business concerns can invest in debentures. Rates of interest range from time to time. The interest rates for the current series of debentures are given below

Eligibility

• Individuals and business concerns

Documentation

• KYC documents in respect of depositor
• Opening form signed along with KYC documents in respect of all the signatories of the investing entity

Period of maturity

• 12 months to 66 months

FAQ

Q: Will senior citizens get higher rate of interest?
A: Yes. The debentures provide for 0.5% over and above the normal admissible rates for senior citizen

Q: Is there any minimum amount?
A: Rs. 1000/- is the minimum amount.

*conditions apply