New Delhi, July 22 -- The Central Board of Direct Taxes (CBDT) has recently notified the Rs.20,000 crore zero-coupon bond issue. This is an issue of the National Bank for Financing Infrastructure and Development (NaBFID).

These bonds differ from regular bonds in that they do not provide periodic interest payments. Instead, investors earn returns from the difference between the discounted purchase price and the final maturity value.

The primary objective of the NaBFID is to fund India's infrastructure development across sectors such as transportation, energy and logistics. They will issue these bonds with a 10-year maturity period.

Investors seeking long-term fixed-income opportunities may find these bonds worth considering.

NaBFID zer...