Issued at face valueIssued at face value
No default riskNo default risk
as the securities carry sovereignas the securities carry sovereignguarantee.guarantee.
Amp
le liquidity as the investor can sell the security
Amp
le liquidity as the investor can sell the securityin thein the
secondary marketsecondary market
InterestInterest
p
ay
m
ent on a half yearly basis on face
p
ay
m
ent on a half yearly basis on facevaluevalue
No taxNo tax
deducted at sourcesdeducted at sources
F
eatures
F
eatures
of Govern
m
ent Securities