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New bond for senior citizens from April
January 09, 2004 16:20 IST
In a bid to give relief to senior citizens, the government on Friday announced the introduction of a new bond from April.
The bond, Dada-Dadi, would have higher interest rate than the prevailing ones. Those above the age of 60 years would be able to subscribe the bond, Finance Minister Jaswant Singh [ Images ] said.
The existing savings instruments will be modified as and when required, he said.
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