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Inflation bond investment limit doubled to Rs. 10 Lakh

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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