Terms of investments
Investment: Infrastructure bonds issued by banks like ICICI Bank and IDBI. Returns: Returns are fixed and in the range of 5-6% per annum.
Availability
Eligibility: Individuals
Tax benefits
IT Section applicable: 80C
Limit on investment: Upto Rs 1 lakh.
Withdrawal: Interest is Taxed
Liquidity
Premature withdrawal: Minimum lock-in of 3 years.
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