The bonds are issued by Public Sector undertakings like NTPCPSU Bonds
The bonds are issued by Public Sector undertakings like NTPC, PGC against the borrowings from the market participants to build the infrastructure for India. The time to time ratings of these bonds will determine the coupon or Interest rates. The interest payment can be annual or semi-annual. E.g 9.25% Power Grid Corporation 2026- means every year the PSU pays interest of 9.25% to the account of the bond holder till the maturity date of 2026
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.
