Inflation protected savings securities: cumulative CPI linked interest with fixed component, compounding, bank distribution and restricted early redemption. Inflation Indexed National Savings Securities-Cumulative (IINSS-C) will be offered to retail investors through banks; eligible investors include individuals, HUFs, section 25 charitable institutions and statutory universities. Interest comprises a fixed component and an inflation linked component tied to the combined CPI (Base:2010=100), compounded into principal half yearly and payable at maturity. Early redemption is allowed only on coupon dates, after one year for senior citizens and after three years for others, subject to a penalty equal to 50% of the last coupon. RBI will announce further scheme details.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inflation protected savings securities: cumulative CPI linked interest with fixed component, compounding, bank distribution and restricted early redemption.
Inflation Indexed National Savings Securities-Cumulative (IINSS-C) will be offered to retail investors through banks; eligible investors include individuals, HUFs, section 25 charitable institutions and statutory universities. Interest comprises a fixed component and an inflation linked component tied to the combined CPI (Base:2010=100), compounded into principal half yearly and payable at maturity. Early redemption is allowed only on coupon dates, after one year for senior citizens and after three years for others, subject to a penalty equal to 50% of the last coupon. RBI will announce further scheme details.
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