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    <title>Issue of Inflation Indexed National Savings Securities - Cumulative, 2013</title>
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    <description>Notification prescribes terms for issuance of Inflation Indexed National Savings Securities Cumulative: ten year cumulative bonds issued at par, held in Bonds Ledger Accounts with RBI, bearing a fixed plus inflation linked interest component compounded half yearly and payable at maturity. Resident individuals, HUFs, qualifying charitable institutions and universities are eligible; NRIs are excluded. Bonds are non tradable but may be pledged as collateral; nomination, registration, application, redemption, and premature redemption procedures and limits are prescribed, and interest is taxable under the Income tax Act.</description>
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