8% govt saving bond

hi shruti........

here is your answer.....                                 

  MAIN FEATURES IF 8% govt saving(TAXABLE) bonds

 1)  No maxumum limit for investment
 2)  Exemption from wealth tax under the wealth tax act 1957
      Issued at a par, The bonds are issued for a minimum amount of
      Rs, 1000 (face value) and in multiples thereof
3)   A sole holder or a sole seviving holder of bonds veing an                                                             
      induvudual, may nominate one or more persons who shall be
      entitiled to the bonds and the payment there on in the event of 
      his death.
 4)  Not transferable.
 5)  8 percent interest  rate per annum. interest on non-
      cumulative bonds payable half- yearly.
 6)  Investment tenure of six years
 7)  Nomination facility is available.
 8)  No TDS deducted from the interest amount.

TDS will not be deducted