Proposed 10% Senior Citizens (Taxable) Bonds
We request Government of India to issue 10% Senior Citizens (Taxable) Bonds 2017 from January 2017. The terms & conditions can be same as for GOI 8% Savings (Taxable) Bonds 2003 except for eligible age. Government may also exempt these Bonds from TDS to make life of senior citizens comfortable. Banks can upload the interest paid for each PAN No. in Form 26AS for income tax purpose.
These Bonds can be issued by State Bank of India & Associate Banks, 17 Nationalised Banks, UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd., and
Stock Holding Corporation of India Ltd.
Once majority of members support the proposal we request Local Circle Administrator to forward the same to PM and Ministry of Finance for implementation with effect from 01/01/2017. more
These Bonds can be issued by State Bank of India & Associate Banks, 17 Nationalised Banks, UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd., and
Stock Holding Corporation of India Ltd.
Once majority of members support the proposal we request Local Circle Administrator to forward the same to PM and Ministry of Finance for implementation with effect from 01/01/2017. more
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There should not be any Taxation for a particular sum of deposit /Investment in bond say a max. amount of 30 lacs. It should be Tax free. more
Nov 08
Fully support "Senior Citizen Bonds" with a higher interest rate in line with GOI 8% taxable bonds. Alternately banks should be paying 1% higher interest than what they pay for normal FD. more
Nov 07
I think government should create a fund out of tax paid by those not in Government or Public sector service and so do not get either pension nor gratuity/provident fund etc. This fund could be utilized to give them an annuity which can allow them to live their retired life in fair amount of comfort, if not luxury. more
Nov 07
I think what is senior citizen is already defined. There should be no upper age limit as the elder you get the less ae you likely to be needing support. The interest rate should perhaps increase by 1/2% per 5 year slab. more
Nov 07
All Sr. Citizens running 60 to 65 yrs must be made illegible for the above mentioned bond and it should be totally exempted from Tax. The same bond should also be made illegible for Woman running 58 yrs to 65 yrs. more
Nov 07
