Nabard announce Bhavishya Nirman Bonds. -Investment Opportunity.
June 20th, 2007
Nabard announce the Bhavishya Nirman Bonds. This bonds are a 10 year zero coupon bond. The sale price is Rs.8250.00 upto 3 Crore investment and Rs.8200.00 for Rs.3 Crore and above investment. The maturity value is Rs.20,000.00. It carries a 'AAA' rating by CRISIL & CARE. The bonds also has the advantage of TAX U/s.2(47) & 2(48) of IT Act. The issue is on tap. Nabard is fully owned by Govt of India and the RBI. This is a very good investment opportunity where the yield is around 12.82%. One more advantage is that the money invested is directly utilised for the development of rural India. More information can be had from,
National Bank for Agriculture and Rural Development,
113/1, Jeevan Prakash Annexe,
J C Road,
PB No.02.
Bangalore-560 002.
Ph:91.80.2222-5248.
Cell:94484-97000.