National Rural Development Bonds issuance: bonds issued with fixed interest, tax exemptions and restricted transferability under notification. Notification of the National Rural Development Bonds (Second Issue), 1983 fixes issuance and operational terms: bonds on tap from the notified date, issued at par with annual interest payable yearly and repaid at par on maturity; investment limited to the net consideration of specified long term capital asset transfers (sale proceeds less transfer expenditure). The notification sets tax and wealth exemption eligibility subject to statutory limits, prescribes refund and certificate mechanisms for tax deducted at source, and details non transferability, nomination, application, payment and registration procedures through designated banking outlets and Public Debt Offices.