Sir, Is it a good option to invest in long term govt. bond for 10 yrs. Which bond will be the best? Are their interest taxable and TDS deducted? From where to purchase them?
Asad-You can buy these bonds through designated banks or primary dealers. But do remember that there may not be TDS, however, higher the bond tenure means higher the volatility. These Govt Bonds are not tax-free. Also, do you think bonds best investment for long term?
Sir kindly suggest a tax free bond for 10-20 yrs with their approx returns % . And which bank offer them.Thanks Sir
asad-You have to wait for offers. Track news items. Returns will be explained in each bond offer. Banks not offer these bonds. But there will be some brokers like Karvy or Bajaj Financial Services or even stock brokers.