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| RBI 8% Saving (Taxable) Bonds 2003 |
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| ELIGIBILITY |
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| The Bonds may be held by an individual, in his or her individual capacity, or on joint basis, or anyone or survivor basis, on behalf of a minor as father/mother legal guardian, a Hindu Undivided Family, Charitable Institutions and Universities. NRIs are not eligible to subscribe. |
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| LIMIT |
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| Minimum Rs. 1000/- and in multiple thereof with no maximum limit. |
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| SUBSCRIPTION |
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| Subscription to the Bonds will be in the form of Cash/Drafts/Cheques or matured Relief Bond/s in the name of applicant/s |
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| REPAYMENT |
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| Repayable on expiry of 6 years from the date of issue. Premature encashment of the Bonds is not allowed. |
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| INTEREST |
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| The present rate of interest is 8% per annum. |
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| REPAYMENT OF INTEREST |
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| Non-cumulative: |
| Interest is paid half yearly intervals at the end of June and December, every year by cheque or to the credit of Bank account. |
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| Cumulative |
| Interest is compounded with half yearly rests, will be paid to the investor on maturity along with the principal. |
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| NOMINATION |
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| Nomination of one or more persons is allowed. |
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| TAX BENEFIT |
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| Deposits are exempted from Wealth tax. |
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| LOAN |
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| The Bonds are not tradable in the secondary market and shall not be eligible as collateral for loans from Banks, financial institutions and Non Banking Financial Companies.(NBFCs). |
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| For further information and subscription, contact the Branch Manager of the following branches: |
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MUMBAI
1. Mumbai Samachar Marg Branch.
2. Bhat Bazar Branch.
3. Kalbadevi Branch.
4. Napeansea Road Branch.
5. L.D.Ruparel Marg Branch.
6. Mulund Branch
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DELHI
1. New Delhi – Connaught Place Branch.
2. New Delhi - Kailash Colony Branch..
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KOLKATTA
1. Strand Road Branch.
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CHENNAI
1. Mount Road Branch
2. Egmore Branch.
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MAHARASHTRA
1. Pune Camp Branch.
2. Pune Karve Road Branch.
3. Thane – Thane(East) Branch.
4. Shahad Branch (Dist Thane)
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GUJARAT
1. Relief Road Branch - Ahmedabad.
2. Alkapuri Branch Baroda.
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MADHYA PRADESH
1. Indore (Main) Branch
2. Bhopal (Main) Branch.
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RAJASTHAN
1. Jaipur SDM Hospital Branch.
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UTTAR PRADESH
1. Clarks Avadh Branch – Lucknow.
2. Kanpur (Main) Branch.
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BIHAR
1. Patna (Main) Branch.
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ASSAM
1. Guwahati (Main) Branch
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KARNATAKA
1. Bangalore – Gandhinagar Branch.
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ORISSA
1. Bhubaneshwar (Main) Branch.
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PUNJAB
1. Jallandhar (Main) Branch.
2. Ludhiana (Main) Branch
3. Amritsar (Main) Branch
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KERALA
1. Ernakulam (Main) Branch.
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GOA
1. Margoa Branch.
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HIMACHAL PRADESH
1. Shimla Branch
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JAMMU & KASHMIR
1. Jammu Tawi (Main) Branch
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CHANDIGARH
1. Sector 17 Chandigarh Branch.
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