Inflation Indexed National Saving Securities – Cumulative

POSTED BY vijaytejas ON December 20, 2013 3:41 pm COMMENTS (4)

Namaste Team Jagoinvestor ,

Kindly accept my sincere gratitude for your benevolence with the continuous effort in helping the Ordinary to understand about the present financial products and services and answering to all those who throw the criticize part of its side.

However, as a subscriber of Jagoinvestor, I would like you to throw the light on the Inflation Indexed National Saving Securities-Cumulative(IINSS-C) under Ministry of Finance Government of India. details at http://rbi.org.in/scripts/BS_pressreleasedisplay.aspx?prid=30087 . The advertisement was published in 20th Dec 2013 of TOI, Bangalore Edition newspaper. I was more curious about the info stating that the Plan minimum investment starting from Rs.5K to 5Lakhs. I would like to know how we can seize the above plan with an example with Rs.2Lakhs investment. My father is a senior citizen and how can he benefited.

Looking forward for your reply.

Regards,
Vijay Tejas

4 replies on this article “Inflation Indexed National Saving Securities – Cumulative”

  1. ashalanshu says:

    Dear Rockingguy, Interest is taxable but what interest? That’s my question.

    Thanks

    Ashal

  2. Anshuk Jain says:

    I think one problem is that you don’t know what inflation government announces in the future.. these numbers are not much accurate and can be easily played with..

  3. rockingguy says:

    @ashalanshu – IINSS-C Bonds are taxable under the Income-Tax Act

    See section #4 – http://rbi.org.in/scripts/NotificationUser.aspx?Id=8637&Mode=0

  4. ashalanshu says:

    Dear Vijay, please do not jump the gun now as taxation clarity is not there on these bonds.

    Thanks

    Ashal

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