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POSTED BY ON February 16, 2011 7:31 pm COMMENTS (7)
Retail applicants will get interest at the rate of 9.75% per annum on series 3 lower Tier II bonds and 9.95% in case of series 4 lower Tier II bonds. Non retail applicants will get 9.3% and 9.45%, respectively. There is no put option and step up coupon in both series of bonds. These are unsecured bonds.
Redemption date for series 3 bonds will be 10 years from the deemed date of allotment and 15 years for series 4 bonds.
Does it makes sense to go for these bonds for such a long duration or SBI are smart and they anticipate further rise in interset rates over a period of time.
Comments please.
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i think if you want to invest for long term it is better to go for equity or mutual funds.
http://jagoinvestor.dev.diginnovators.site/2011/02/sbi-retail-bonds.html
Dear manish is there bettr option than these sbi bonds as i dont have demat ac and i am NRI . what do u say about the FD and the mutual fund to get more money at present situation .
thanks
freinds,
1) I dont have demat a/c can i apply for bonds
2) For 15 years intrest rate is 9.95, but is it calculate on quartly compounding basis?
pls replay
1. No , you need demat
2. Annual basis and paid on annual basis
Can v apply for these bonds online!!!! Last time they messed it up at the last moment…. if so they have a 5L worth customer in me!!!!
No you cant invest in these online , you have to go to bank and fill up the form there .. But you need to have demat account for this which will carry these bonds .
Manish