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of <h1>Central Government Issues Tax-Free Bonds with 9.20%-9.50% Interest for 5-7 Years; Total Issuance of 500 Crores.</h1> The Central Government has specified tax-free bonds issued by a corporation for Series I-A, I-B, II-A, and II-B, each with a face value of ten thousand rupees, offering interest rates of 9.20% and 9.50% per annum for terms of 5 and 7 years. The total issuance amounts to 500 crores, with Series I-A and I-B valued at 75 crores and 125 crores, and Series II-A and II-B at 125 crores and 175 crores, respectively. The tax exemption applies only if bondholders register their names and holdings with the corporation.
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