Central Government Issues Tax-Free Bonds with 8.20% Interest, Redeemable After 10 Years, Put/Call Option Available

The Central Government specifies tax-free bonds (Series XVIII) as Secured Redeemable, Non-cumulative bonds, redeemable after 10 years, with a put/call option available at the end of the 5th through 9th years. These bonds carry an interest rate of 8.20% per annum and are valued at one lakh rupees each, totaling seventy crores. Issued by the Nuclear Power Corporation of India Limited during the 2001-2002 financial year, these bonds bear distinctive numbers from 18000001 to 18007000. The tax-free benefit is available only if the bondholder registers their name and holdings with the company.

---

---

---