A bond is a form of Debt Investment, in which an investor lends money to an entity (typically Corporate or Government) which borrows the funds for a fixed period of time at a variable or a Fixed Interest Rate. Bonds are often used by states and sovereign governments, companies to raise money and finance a various kinds of projects. Please find below some Bonds which are available on perpetual basis.

Government of India’s Savings Bonds @ 7.15% per annum

• The Bonds will be issued for a minimum amount of Rs. 1000/- and in multiples of Rs. 1000/- thereof.
• No maximum limit for investment in Bonds.
• Interest on the Bonds will be taxable under the Income Tax Act, 1961.
• The Bonds will be exempt from Wealth -Tax under the Wealth Tax Act, 1957.
• The Bonds will have a maturity period of 6 Years.
• The Bonds will bear interest at the rate of 7.15% per annum.
• Interest on non- cumulative bonds will be payable at half – yearly intervals
• Interest on cumulative bonds will be compounded half- yearly & paid on maturity along with the Principal.
• The cumulative value of Rs. 1000/- at the end of six years will be Rs. 1601/-
• These Bonds are not transferable.
• The Bonds are neither tradable and nor pledgeable.
• Nomination Facility available.
• Residential Individuals, HUF, Charitable Institutions, Universities & Minor can invest in these bonds.