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Bonds

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Can I have a classification of various types of bonds?

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tPara"> Bonds can be broadly classified into:

Tax-Saving Bonds:

These offer tax exemption up to a specified amount of investment. Examples are:

  • ICICI Infrastructure Bonds under Section 88 of the Income Tax Act, 1961.
  • NABARD/ NHAI/REC Bonds under Section 54EC of the Income Tax Act, 1961.
  • RBI Tax Relief Bonds.

Regular Income Bonds:

Regular-Income Bonds, as the name suggests, are meant to provide a stable source of income at regular, pre-determined intervals. Examples are:

  • Double Your Money Bond.
  • Step-Up Interest Bond.
  • Retirement Bond.
  • Encash Bond.
  • Education Bonds.
  • Money Multiplier Bonds/Deep Discount Bond.
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