9911796707
TMI BlogIssue of Inflation Indexed National Savings Securities - Cumulative, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... nt basis, or (c) in individual capacity on anyone or survivor basis, or (d) on behalf of a minor as father/mother/legal guardian. (ii) a Hindu Undivided Family. (iii) (a) 'Charitable Institution' to mean a Company registered under Section 25 of the Indian Companies Act 1956; or (b) An institution which has obtained a Certificate of Registration as a charitable institution in accordance with a law in force; or (c) Any institution which has obtained a certificate from an Income Tax Authority for the purposes of Section 80G of the Income Tax Act, 1961. (iv) "University" means a university established or incorporated by a Central, State or Provincial Act, and includes an institution declared under section 3 of the University Grants C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er Account. Applications 9. (i) Applications for the Bonds may be made in the application format attached or in any other form as near as thereto stating clearly the amount and the full name and address of the applicant. (ii) Applications should be accompanied by the necessary payment in the form of cash/drafts/cheques/online through internet banking as indicated in paragraph 6 above. Receiving Offices 10. Applications for the Bonds in the form of Bonds Ledger Account will be received at: (a) Branches of State Bank of India, Associate Banks, Nationalised Banks, three private sector banks (viz. HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd.) and Stock Holding Corporation of India Ltd. (SHCIL) during their working hours. (b) Any ot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ferability 12. The Bonds in the form of Bonds Ledger Account shall be transferable to nominee(s) on death of holder (only individuals). Interest 13. The Bonds will bear interest at the rate of 1.5% (fixed rate) per annum + inflation rate calculated with respect to final combined Consumer Price Index [(CPI) Base: 2010=100]. Final combined CPI will be used with a lag of three months to calculate incremental inflation rate (i.e. final combined CPI for September would be used as reference CPI for all days of December). Interest will be compounded with half-yearly rests and will be payable on maturity along with the principal. Advances/Tradability against Bonds 14. The Bonds shall not be tradable in the secondary market. The Bonds shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X
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