RBI announces Scheme for Inflation Indexed Bonds – 2013-14
For Rs. 12,000-15,000 crore
To be issued in tranches
First tranche on June 4, 2013 for Rs. 1000-2000 crore
1. Pursuant to the announcement made in the Union Budget for 2013-14 to introduce instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold, RBI, in consultation with Government of India, has decided to launch Inflation Indexed Bonds (IIBs).