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  • MF News Distributors can earn up to 1% commission on 7.75% GOI Savings Bond

    Distributors can earn up to 1% commission on 7.75% GOI Savings Bond

    The bonds will have a maturity of 7 years.
    Team Cafemutual Jan 5, 2018

    Giving a New Year gift to bond investors, the government has floated seven-year taxable savings bonds offering an attractive yield of 7.75% compounding semi-annually. This means, the bonds offer an effective interest rate of 7.90% per annum.

    The government will issue these bonds from January 10, 2018. This issue replaces the 8% Savings Bonds Scheme that closed for subscription on Tuesday.

    Distributors can earn up to 1% commission on these bonds. “Brokerage at the rate of Re.1.00 per Rs.100 will be paid to the brokers registered with the receiving offices,” the RBI notification said.

    Here are some key features of the bond

    • The bonds come with maturity of 7 years
    • Investors have an option to choose between cumulative (withdraw money at the maturity in one go) and non-cumulative (periodic payout)
    • Since these bonds fall under non-equity taxation norms, short term capital gain tax i.e. if investors redeem their investments within 3 years, the capital gain component will be added to their income and taxed as per their income tax slab. On the other hand, if investors hold such bonds for over three years, they can avail indexation benefit along with 20% tax rate under long term capital gain tax
    • Individuals and HUF can invest in these bonds. However, NRIs are not allowed to buy these bonds
    • Investors will have to invest a minimum of Rs.1,000 for one unit of the bond. The good news is that there is no maximum limit to invest in these bonds

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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    25 Comments
    RAJKUMAR AGRAWAL · 6 years ago `
    CAN I WORK IN THE BONDS, WHICH BANK ISSUE APPLICATION FORMS. PLEASE INFORM ME. THANKS
    Ajay Dinkar Modak · 3 years ago
    I wish to commence distributor ship or sub broker ship for 54EC bonds and RBI bonds. What should i do ?
    Ajay Dinkar Modak · 3 years ago
    Requirements for broker ship
    Reply
    Gajanan · 6 years ago `
    How I can get agency for 7.75 % Savings Bonds. If you go through broker , he can give maximum 0.5% commission. Please suggest me accordingly. Thanks.
    Mihir · 6 years ago
    Even I want to get agency for 7.75% goi bonds. How can I get it ?
    Maith · 5 years ago
    How did u get the agency ?
    Pawan · 5 years ago
    Please call me 9462659179
    Reply
    Samir Gaikwad · 6 years ago `
    please let me know about agency
    p krishna mohan gupta · 4 years ago `
    i am interested to know about the agency structure and procedure for becoming as mobiliser
    VINOD KUMAR GUPTA · 3 years ago
    I WANT AGENCY OF 7.75% GOI SAVINGS BONDS
    Reply
    Amol PRESSWALA · 4 years ago `
    How to become distributor of this bond
    Shah Pankesh · 3 years ago `
    I am invested. How can I get 1% commission. Pl. Reply. My broker give only 0.30% only
    harish · 3 years ago
    plz share the broker's name and contact
    Reply
    rohit kumar mangla · 3 years ago `
    I want to get the agency code for RBI Bonds Please advise procedure
    Dilip Abnave · 3 years ago `
    I am retired person interested to become RBI Savings Bonds broker how to apply Pl give me procedure to followPl reply
    Lata · 3 years ago `
    My client want to purchase RBI bonds can some ine guide and how do i get commission on it
    raman.shukla · 3 years ago `
    Need to impanal for rbi bond
    Surinder chawla · 3 years ago `
    I want to get agency code for RBI,REC,NHAI etc.
    Please guide
    HEMANT PARMAR · 3 years ago `
    I WANT TO MAKE RBI BOND AGENT ....PLEASE GUIEDE ME
    Jaldeep Vaishnav · 2 years ago `
    I want to become distributor for capital gain bonds under catagory 54 and RBi bonds
    Subbarsju HM · 2 years ago `
    Enrol me as broker
    Subbarsju HM · 2 years ago `
    Enrol me as broker
    Subbarsju HM · 2 years ago `
    Enrol me as broker
    Mukesh Agrawal · 1 year ago `
    I want saving bonds franchise
    nISHANT · 1 year ago `
    How we can get broker ship for this please guide us its a humble request
    Login or Sign up to post comments.
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