#long term bonds

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Nabard's Tax-Free Long-Term Bond

Nabard’s Tax-Free Long-Term Bond

If worried about recent volatility in the stock markets and the prospect of a rate cut by the Reserve Bank of India, you could consider Nabard’s tax-free bond issue, which will open for subscription on March 9. The development finance institution is looking to raise Rs 3,500 crore, of which Rs 2,100 crore will be for retail investors.

For retail investors – those investing up to Rs 10 lakh – the…

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