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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Procedures for Repayment of 8% Relief Bonds, 2002: Notify Bondholders, Verify Documents, Adjust Excess Interest, Ensure Timely Payments.</h1> The circular outlines procedures for the repayment of 8% Relief Bonds, 2002, maturing from March 1, 2007. Agency banks must notify bondholders of maturity one month in advance, ensuring repayment on the due date. Investments exceeding Rs. 2 lakhs should not accrue interest, and any excess interest must be adjusted. Post-maturity interest is not applicable. Certificates of Holding must be verified, and repayment requires specific documentation. Payments can be made via account credit or Payment Order. Interest for non-cumulative bonds should be paid with the principal. Detailed reporting and record preservation are mandated, and system updates are advised for compliance.
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