These are also sovereign bonds issued by Reserve bank of IndiaState Loans
They are also sovereign bonds issued by Reserve bank of India but on the behalf of the respective State Governments to fund their expenditure programmes. The RBI acts as a merchant banker to the state. E.g 8.87% TN SDL 2024- means twice a year the Tamil Nadu state government will pay 8.87% interest to the account of the bond holder till the maturity date of 2024
I was guided properly when I wanted to save for my future retirement. I was worried as I will not get a pension post my retirement. The investment in Shares is too risky and I did not want to keep my hard earned money in shares. The RBI savings bonds helped me to get interest at 8% paid to me once in 6 months. The options provided to me by the efficient relationship managers of VERITAS helped me have a peaceful retired life.
