Infrastructure Bond on Individual Hand Feasible?

Hi, Proferssionals

I understand that Interest will be paid @ 5.5 % PA on Infrastructure Bond, Is it feasble? the interest rate given by Govt. when compare with other investment products available in market (like corporate bonds / FD / Etc.,). for mere saving of just Rs.2060/- at lower level.

Or else just pay the tax and can we invest in some other instruments where it may fetch more interest?

Could you pls advise

Thanks in advance Regards

Ramesh P.