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of <h1>Govt Issues Non-Transferable National Rural Development Bonds with 7.5% Annual Interest, 3-Year Maturity Under Public Debt Act 1944.</h1> The Central Government has issued a notification regarding the National Rural Development Bonds (Second Issue) under the Public Debt Act of 1944. These bonds are non-transferable government securities with an interest rate of 7.5% per annum, payable annually. The bonds mature three years from the date of issue, at which point the principal amount is payable. Bondholders are not required to present the bond to collect interest, which will be sent to their registered address. Bondholders can nominate beneficiaries in case of their death, with the first nomination registration free and subsequent changes incurring a nominal fee.
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