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All-India Toll Free number1800 22 22 441800 208 2244 All-India Toll Free number for PMJDY Scheme1800 22 22 43
Dedicated Number for NRI+918025302510 Link your Aadhaar Number new Update your FATCA/CRS Details new
 
 
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Govt Business
RBI 8% Taxable Bonds
Features
 
RBI 8% Saving (Taxable) Bonds 2003
 
ELIGIBILITY
 
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.
 
LIMIT
 
Minimum Rs. 1000/- and in multiple thereof with no maximum limit.
 
SUBSCRIPTION
 
Subscription to the Bonds will be in the form of Cash/Drafts/Cheques or matured Relief Bond/s in the name of applicant/s
 
REPAYMENT
 
Repayable on expiry of 6 years from the date of issue. Premature encashment of the Bonds is not allowed.
 
INTEREST
 
The present rate of interest is 8% per annum.
 
REPAYMENT OF INTEREST
 
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.
 
Cumulative
Interest is compounded with half yearly rests, will be paid to the investor on maturity along with the principal.
 
NOMINATION
 
Nomination of one or more persons is allowed.
 
TAX BENEFIT
 
Deposits are exempted from Wealth tax.
 
LOAN
 
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).
 
In case of difficulty, contact Mr.Mr. Narayan Khopale, Senior Manager .
Tel.No 022-2289-6680.
Email Address: narayankhopale@unionbankofindia.com
 
For further information and subscription, contact the Branch Manager of the following branches:
 
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
 
DELHI

1. New Delhi – Connaught Place Branch.

2. New Delhi - Kailash Colony Branch..

 
KOLKATTA

1. Strand Road Branch.

 
CHENNAI

1. Mount Road Branch

2. Egmore Branch.

 
MAHARASHTRA

1. Pune Camp Branch.

2. Pune Karve Road Branch.

3. Thane – Thane(East) Branch.

4. Shahad Branch (Dist Thane)

 
GUJARAT

1. Relief Road Branch - Ahmedabad.

2. Alkapuri Branch Baroda.

 
MADHYA PRADESH

1. Indore (Main) Branch

2. Bhopal (Main) Branch.

 
RAJASTHAN

1. Jaipur SDM Hospital Branch.

 
UTTAR PRADESH

1. Clarks Avadh Branch – Lucknow.

2. Kanpur (Main) Branch.

 
BIHAR

1. Patna (Main) Branch.
 
ASSAM

1. Guwahati (Main) Branch
 
KARNATAKA

1. Bangalore – Gandhinagar Branch.
 
ORISSA

1. Bhubaneshwar (Main) Branch.
 
PUNJAB

1. Jallandhar (Main) Branch.

2. Ludhiana (Main) Branch

3. Amritsar (Main) Branch

 
KERALA

1. Ernakulam (Main) Branch.
 
GOA

1. Margoa Branch.
 
HIMACHAL PRADESH

1. Shimla Branch
 
JAMMU & KASHMIR

1. Jammu Tawi (Main) Branch
 
CHANDIGARH

1. Sector 17 Chandigarh Branch.
 
 
 
I am a defense pensioner dependent on your sector 29, NOIDA branch drawing pension for more than 12 years.
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