Tax-Free Bonds
Looking for a safe and profitable investment option? Consider tax-free bonds for tax-free income.
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Still have questions?
What are tax-free bonds?
Tax-free bonds are issued by government-owned companies, and the interest earned on them is exempt from income tax.
Who can invest in tax-free bonds?
Individuals, Hindu Undivided Families (HUFs), trusts, and charitable institutions are eligible to invest in tax-free bonds
How do tax-free bonds work?
Investors buy tax-free bonds at face value, and the interest is paid annually or semi-annually. The bonds have a fixed maturity period, and the principal amount is repaid at maturity.
What is the rate of interest on tax-free bonds?
The rate of interest on tax-free bonds is decided by the issuing company, and it varies from time to time
Are tax-free bonds safe?
Tax-free bonds are considered safe as they are issued by government-owned companies, which have a high credit rating
Can tax-free bonds be traded on the stock exchange?
Tax-free bonds are usually listed on the stock exchange and can be bought and sold like any other security
Can tax-free bonds be held in a demat account?
Yes, tax-free bonds can be held in a demat account.