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Subhash Chandra, Secretary of Department of Economic Affairs under Ministry of Finance, has tweeted that new subscription to GoI Savings (Taxable) Bonds, 2003 would now bear ____% interest rate as compared to earlier %.
  • a)
    7.70%
  • b)
    7.75%
  • c)
    7.77%
  • d)
    7.79%
  • e)
    7.85%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Subhash Chandra, Secretary of Department of Economic Affairs under Min...
Subhash Chandra, Secretary of Department of Economic Affairs under Ministry of Finance, has tweeted that new subscription to GoI Savings (Taxable) Bonds, 2003 would now bear 7.75 per cent interest rate as compared to 8% earlier. On January 1, 2018, Central Government notified that 8% GoI Savings (Taxable) Bonds, 2003 shall be closed for subscription from the close of business on January 2, 2018. Since April 2016, this instrument had become a preferred choice amongst fixed income investors as the interest rates on fixed deposits and small savings instruments dropped below 8% mark. However, Mr. Garg has clarified that this scheme is not being closed rather it is being replaced by 7.75 per cent Savings Bonds Scheme. Even at 7.75 per cent interest, these bonds will fetch highest returns as compared to other fixed-income products.
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Subhash Chandra, Secretary of Department of Economic Affairs under Ministry of Finance, has tweeted that new subscription to GoI Savings (Taxable) Bonds, 2003 would now bear ____% interest rate as compared to earlier %.a)7.70%b)7.75%c)7.77%d)7.79%e)7.85%Correct answer is option 'B'. Can you explain this answer?
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Subhash Chandra, Secretary of Department of Economic Affairs under Ministry of Finance, has tweeted that new subscription to GoI Savings (Taxable) Bonds, 2003 would now bear ____% interest rate as compared to earlier %.a)7.70%b)7.75%c)7.77%d)7.79%e)7.85%Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Subhash Chandra, Secretary of Department of Economic Affairs under Ministry of Finance, has tweeted that new subscription to GoI Savings (Taxable) Bonds, 2003 would now bear ____% interest rate as compared to earlier %.a)7.70%b)7.75%c)7.77%d)7.79%e)7.85%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Subhash Chandra, Secretary of Department of Economic Affairs under Ministry of Finance, has tweeted that new subscription to GoI Savings (Taxable) Bonds, 2003 would now bear ____% interest rate as compared to earlier %.a)7.70%b)7.75%c)7.77%d)7.79%e)7.85%Correct answer is option 'B'. Can you explain this answer?.
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