Tax-Free Bonds: 7 Must Know Facts Before Investing

Tax-free bonds are making their way after a gap of one year. NTPC is the first one to kick off this financial year. Many individuals will be interested in investing in these bonds as they will be able to save tax and make long term investment.

These bonds can be one of the best tool for individuals in the high tax bracket as the interest income earned on the investment is tax-free.

Tax-free bonds are most of the time issued by quasi-government institutions. So, there is almost minimal chance of a default in servicing the interest or principal amount.

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