IINSS-C Inflation Indexed National Saving Securities -Cumulative Bonds Acceptance
An Ideal Instrument that is Risk Free, and will also protect savings from inflation subscriptions accepted till 31 march 2014.
The Best things about IINSS-C Plan:
- Investment Amount: minimum Rs.5000 & Maximum Rs.5 lac p.a
- Tenure of Bonds: 10 Years
- Rate of Interest: base rate of 1.5% (annual) + inflation rate based on the final combined consumer price index.
Best Offers or Features:
Early Redemption, after 1 year for senior citizens and after 3 years for all others.
Highlights of the Plan:
- Investor can nominate one or more persons including NRI’s
- Security can be pledged as collateral for taking loan securities, issued in the form of Bonds ledger accounts (BLA), will be held with RBI
- No Need to open BLA with any bank for making investment
Eligibility:
- Individual; HUF
- Charitable institutes & Universities
For Investment; Contact nearest branch of United bank of India.