Investing in Reserve Bank’s new retail investment scheme will have to pay so much tax

RBI Invest: Now common Indian people will also be able to invest their money in the bond market. The government has started the RBI Retail Direct Scheme. By investing in this scheme, you will get more interest than FD by investing in the bond market. For information, let us tell you that when the government needs money, it issues bonds at that time. Through these bonds, the government collects money from the investment market.

The amount collected is invested by the government in different schemes. A bond is a type of debenture. The government is responsible for the money invested in this bond. This is the reason why this investment is considered safe. Many people invest their money in bonds with a long-term outlook. All bonds have a maturity period of 30 years.

account will open like this

Under the new arrangement, retail investors will have to open a Retail Direct Gilt Account with RBI to invest in it. Bonds are issued by the central and state governments. If you are eager to invest in it, then you have to open an account in it through the portal of RBI. After verification your account will be activated.

so much tax

If you are thinking that this investment is not taxed, then let us tell you that you will not get tax benefits by investing in bonds. However, the interest you will earn on investing in these bonds will be taxed on the basis of slab. There will also be an option for retail investors to sell these bonds even before maturity.

However, investing in government bonds is considered very safe. Bonds are issued by the central government and state governments. Because of this, the risk potential is very less in it.

If you also want to invest your money for the long term, then RBI Retail Direct Scheme is a very good option. By investing in it, you will get higher interest rate than fixed deposit.

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