The scheme, which was first introduced as a Standard Immediate Annuity plan, is among the greatest possibilities on the market for meeting financial needs after retirement.
As you know, changes in MCLR and RLLR have a direct impact on the loan rates. As a result, these adjustments alter the Equated Monthly Installments (EMIs) of borrowers.
These bonds typically offer returns equivalent to or slightly higher than Fixed Deposits (FDs), with the added advantage of the governments sovereign guarantee.