SBI Bond Issue with 9.25% and 9.50% interest October 2010

The SBI Bond issue, available from 18th to 25th October 2010, offers unsecured bonds by State Bank of India. These bonds provide a 9.25% interest rate for 10 years and 9.50% for 15 years, with a call option. While the interest is taxable as income from other sources, there is no TDS deduction as the bonds must be held in demat form. These bonds hold a AAA rating from CRISIL and CARE. For subscription details, please contact the email/phone provided below.

Best regards, 

Dilshad Billimoria

 Certified Financial Planner