The Reserve Bank of India (RBI) features said the
investment limit from the inflation indexed bonds for people has been doubled
to Rs 10 lakh.
Also, the limit with regard to institutions like HUF (Hindu
undivided family), Charitable Trusts, Education Endowments and similar
institutions which are non profit in nature has been increased from Rs 5 lakh
to help Rs 25 lakh per annum, the central bank said.
The subscription to the Inflation Indexed Nationwide Savings
Securities-Cumulative will certainly close on March 31.
RBI throughout consultation with federal government had
launched the particular bond in November. Earlier, the attachment was open with
regard to subscription during November 23-31, but had been later extended to
help March 31.
Monthly interest on the bonds is linked with Consumer Price
Directory (CPI).
These securities will be issued available as Bonds Ledger
Consideration (BLA).
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