GOI Bonds, Service Location ALL INDIA

The salient qualities of the bond include the following limit of investmentnot a single maximum limit for investment in the bonds. Tax treatmentinterest on the bonds will be taxable under the income, Tax act, 1961 as applicable as stated by the relevant tax status of the bond holder. Issue price i the bonds will be issued at par i. E. At rs. 100. 00 percent. Ii the bonds will be issued for a minimum amount of rs. 1000/, Face value as well as in various quantities thereof. Accordingly, The issue price will be rs. 1000/, For every rs. 1, 000/, Nominal . Subscriptionsubscription to the bonds will be available in of cash/drafts/cheques. Cheques or drafts should be drawn in favour of the specified in, Receiving office paragraph 10 below and payable at the place where the applications are tendered. Date of issue i the bonds will be issued with effect from 21st april 2003. Ii the date of issue of the bonds in the form of bond ledger account will be the date of receipt of subscription in cash or the date of realisation of draft/cheque. Form i the bonds will be issued and held at the credit of the holder in an account called bond ledger account bla . Ii new bond ledger series with the prefix tb are to be opened. All investment in 8% savings taxable bonds by an existing bla holder will be viewed as a new investment under a new bla. Iii the bonds in the form of bond ledger account will be issued by and held with designated branches from the agency banks and shcil as authorised by reserve bank hailing from India terms of paragraph 10 below. Iv the proof of holding with regard to bond ledger account will be issued in form tbx or form tby as applicable for non, Cumulative and cumulative investments respectively. V the certificate of holding in respect of cash applications may be issued on the same day as outlined by the extant instructions.