REC Bonds and it's benefits
This article is to those who are looking for safer bulk FD Investments with more ROI, return on Interest and less tax debited from them for the Interest they gain. In India many people try generating more income and we also have a intention to open door for savings when compared with other countries. That too most people after their retirement tend to put money in bank in the form of Fixed Deposits to get fixed incomes Why bonds from firms when bank offers Fixed Deposits? Bond is a good kind of Investment Let me explain you practically. In case if your salary is 10lakh per annum, then you will be covered under tax slab of 30% Let us assume that your FD interest from bank is 1 Lakh per month, then they will be deducting tax around rupees 30k from you. In this scenario bonds play a vital role. REC- Rural Electrification Corporation REC- “A hidden Treasure” REC- “Best in Bonds” REC releases bond schemes and with the help of this fund rai...