RBI BONDS AS AN INCOME OPTION

EARLIER WE HAVE SEEN POST OFFICE AND BANKS SAVINGS SCHEMES.
NOW LET US SEE RBI BONDS AS AN INCOME OPTION. THESE BONDS OFFER 8%INTEREST P.A(TAXABLE)PAYABLE HALF YEARLY IN FEB AND AUGUST EVERY YEAR.THISINTEREST IS TAXABLE. SO ONE HAS TO SUBMIT FORM 15 G OR 15H(IN CASE OF SENIOR CITI ZEN) TO AVOID TAX DEDUCTION AT SOURCE.THERE IS NO UPPER LIMIT ON INVESTMENT.SO HUGE AMOUNTS CAN BE INVESTED.
IN THE NEXT POSTINGS WE SHALL SEE ABOUT MUTUAL FUNDS,SHARES AND REAL ESTATE AS INVESTMENT AVENUES.

RALLABANDI VENKATA RAO