About US | Contact Us
IPL 2018: McClenaghan replaces Behrendorff in Mumbai Indians squad..
Aarushi murder: SC acknowledges plea challenging Talwars' acquittal..
Fodder Scam case: Lalu Prasad pronounced guilty..
E-cigarettes can harm your liver..
Sushant Singh Rajput's leading lady for H'wood remake revealed..
Nirav Modi's assets seized by Enforcement Directorate..
Raj Thackeray calls for 'Modi-mukt Bharat'..
Mosque never existed at Lord Ram's birthplace, says Shankaracharya..
Xi Jinping's rise engulfing PM too..
Baaghi 2: Jacqueline steps into 'Mohini' Madhuri's shoes..
Sensex, Nifty dip post TDP's withdrawal from NDA..
Bhagwant Mann quits as AAP's Punjab chief..
TDP pulls out of NDA..
Politician has links with 'Khalistan'-supporting Sikh rapper, says Canadian daily..
Opinion Poll


Not closing subscription for 8% GoI savings bond: Secy. DEA

 Economic Affairs Secretary Subhash Chandra Garg on Tuesday clarified that the government of India is not closing subscription for the 8 percent Savings Bonds Scheme, instead, replacing it with 7.75 percent Savings Bonds Scheme.

\"8 percent Savings Bonds Scheme, also known as RBI Bonds Scheme, is not being closed. 8 percent Scheme is being replaced by 7.75 percent Savings Bonds Scheme,\" Garg posted on Twitter.

Earlier on Monday, certain sections of the media had reported that the government shall cease subscription for these bonds with effect from January 2, quoting a Ministry of Finance notification.

The release reportedly said that the 8 percent GOI Savings (Taxable) Bonds, 2003 shall cease for subscription with effect from the close of banking business on January 2, 2018.

These bonds have been a preferred choice for many senior citizens, retirees, and those looking for fixed income.

Earlier last week, the Ministry of Finance had reduced interest rate on various small saving schemes by 0.2 percent. (ANI)


Copyright © 2016. nwztoday, Bhubaneswar, Odisha. All rights reserved.   Powered by: nwztoday