Bhavishya Nirman Bond

The National Bank for Agriculture and Rural Development (Nabard) has been advertising a yield of 11.57 per cent based on simple returns for
these bonds. The actual compounded return is 8.62 per cent only. If you invest Rs 8,750 (the price of each bond) in Bhavishya Nirman Bonds
(BNB), you will receive Rs 20,000 on maturity after 10 years. These bonds offer better returns than banks’ fixed deposits, though the interest is
compounded once in a year. BNB also offers tax deduction under Section 80C.

“Before investing in these bonds, one should be prepared for the lock-in period of 10 years. These bonds can form a part of the corpus that
someone is saving for the long-term, such as a child’s education,” said an investment adviser.

For investors in the income bracket of Rs 3-5 lakh and who cannot invest in the IIFCL issue, these bonds give the highest post-tax returns of
6.62 per cent. This is also the best investment option for low income slab individuals with post-tax returns at 7.62 per cent.

Rural Bonds
Another offering from Nabard, rural bonds have interest rate at par with banks’ fixed deposits. The yields are 8.5 per cent with a lock-in of five
years. Targeted at small investors, the face value of the bond is kept at Rs 1,000 and minimum investment is Rs 5,000. Nabard also offers 0.5
per cent more interest to senior citizens.

So, if you are an investor with income below Rs 5 lakh and need liquidity, this one is for you. The rural bonds will fetch 7.5 per cent return for
investors with an income below Rs 3 lakh, and 6.5 per cent for investors with income between Rs 3 and 5 lakh.

Government-Savings Bonds
According to the risk grade, this is the safest investment available. Backed by either the state or the central government, the savings bonds offer
8 per cent returns with a lock-in for six years. The minimum investment is Rs 1,000. The interest is paid on a half-yearly basis.
RURAL BANKS
Haryana State Cooperative Apex Bank Limited

The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK plays a vital role in rural banking in the economy of Haryana
State and has been providing aids and financing farmers, rural artisans, agricultural labourers, entrepreneurs, etc. in the state and giving service
to its depositors.

NABARD

National Bank for Agriculture and Rural Development (NABARD) is a development bank in the sector of Regional Rural Banks in India. It
provides and regulates credit and gives service for the promotion and development of rural sectors mainly agriculture, small scale industries,
cottage and village industries, handicrafts. It also finance rural crafts and other allied rural economic activities to promote integrated rural
development. It helps in securing rural prosperity and its connected matters.

Sindhanur Urban Souharda Co-operative Bank

Sindhanur Urban Souharda Co-operative Bank, popularly known as SUCO BANK is the first of its kind in rural banks of India. The impressive
story of its inception is interesting and inspiring for all the youth of this country.

United Bank of India

United Bank of India (UBI) also plays an important role in regional rural banks. It has expanded its branch network in a big way to actively
participate in the developmental of the rural and semi-urban areas in conformity with the objectives of nationalisation.

Syndicate Bank was firmly rooted in rural India as rural banking and have a clear vision of future India by understanding the grassroot realities.
Its progress has been abreast of the phase of progressive banking in India especially in rural banks.