Inflation-indexed savings bonds: CPI-linked interest plus fixed margin, ten-year maturity with limited early redemption and penalty. Issuance of Inflation Indexed National Savings Securities-Cumulative, 2013: resident individuals, HUFs, qualifying charitable institutions and universities may subscribe within prescribed minimum and maximum limits. Bonds issued at par are held in Bonds Ledger Accounts with RBI; subscriptions accepted through authorised banks/SHCIL with KYC compliance. Interest equals a fixed rate plus inflation based on combined CPI (2010=100) with a three month lag, compounded half-yearly and paid at maturity. Bonds are non-tradable but eligible as collateral. Ten year repayment; early redemption after specified holding periods subject to a fifty percent of last coupon penalty.
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-indexed savings bonds: CPI-linked interest plus fixed margin, ten-year maturity with limited early redemption and penalty.
Issuance of Inflation Indexed National Savings Securities-Cumulative, 2013: resident individuals, HUFs, qualifying charitable institutions and universities may subscribe within prescribed minimum and maximum limits. Bonds issued at par are held in Bonds Ledger Accounts with RBI; subscriptions accepted through authorised banks/SHCIL with KYC compliance. Interest equals a fixed rate plus inflation based on combined CPI (2010=100) with a three month lag, compounded half-yearly and paid at maturity. Bonds are non-tradable but eligible as collateral. Ten year repayment; early redemption after specified holding periods subject to a fifty percent of last coupon penalty.
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