TaxTMI 
TaxTMI 
REPAYMENT OF 8% SAVINGS(TAXABLE)BONDS,2003
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.... given in Annexure I (copy enclosed). The advices to the holders should be sent by Registered / Speed Post. It should be ensured that the advices are sent only in respect of BLAs which are free from stoppage. 2. Post Maturity Interest: As stated in Para 15 of our Loan Circular dated April 3, 2003 the bonds shall be repayable on expiry of six years from the date of issue. No interest would accrue after the maturity of the bond. We, therefore, advise you to intimate to the investors that the investment does not carry Post Maturity Interest, prominently in the above advices. 3. Discharge of Certificates by the investors (i) As per Regulation 24 (2) (b) of Government Securities Regulations, 2007, (copy of which was forwarded to you vide our letter DGBA.CDD.H- 6289/11.29.002/2007-08 dated December 7, 2007) payment of maturity proceeds to the registered holder of a Government Security, held in the form of BLA shall be made by pay order or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For this purpose, in terms of Regulations 24(2) (d) bond holders are required to submit relevant particulars of their bank account ....
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....end by post) so as to reach the holder at least one day in advance and for senior citizens, three days in advance. The payment order may be despatched by speed/registered post. 6. Interest payments: As regards investments held under non-cumulative scheme, the interest for the broken period/last half-year should be paid along with the principal, if bank account details are available or duly discharged bond is submitted well in advance. If bank account details are not available or duly discharged bond is not submitted well in advance by the investor, then the interest warrants for the broken period/last half-year pertaining to such investments should be despatched on the due date of maturity. While dispatching such interest warrants of matured investments, the covering letter addressed to the investor should invite his attention to maturity intimation advice issued in terms of para 1 above and indicate that the investment has matured on the specific date. As regards payment of interest on investments held under cumulative scheme, interest on bond should be paid along with the principal. The advices to the investors should invariably contain the legend "Interest will not accrue on ....
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....nment Securities Regulations, 2007. In case of any specific doubts or queries on the above, the designated banks / branches may please contact the PDO of jurisdiction. 14. Please acknowledge receipt and monitor compliance. Yours faithfully, sd/- (K.R.K. Reddy) Assistant General Manager Encls: as above. ANNEXURE I On letterhead of the Agency bank Ref. No. …………………………… Date: To, (Investor's name and address) Madam / Dear Sir, Repayment of 8 % Savings (Taxable) Bonds, 2003 ....
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....axable) Bonds, 2003 may please be paid by a Payment Order. BLA No. Date of Investment Amount invested Date of Maturity Interest Total Amount GRAND TOTAL Yours faithfully Signature (s) Name (s) * I / We desire that the Payment Order may please be sent by Post / Courier Service at my risk and responsibility and it may be delivered to any person available at my / our residence in my / our absence. * Strike out if not applicable. ACQUITTANCE Received from (Name of designated bank / branch) Rs. (Rupees-------------------------------------------------------------------------------------------only), being the principal amount with accrued interest due on 8 % Savings (Taxable) Bonds, 2003 against my /our BLA as per details given above. No. Name (s) Income Tax PAN (If amount exceeds Rs. 1 lakh) i. ii. iii. Place: Date: (Revenue Stamp) Signature(....
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....bsp; : Address : Telephone No  ....
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....bsp; Signature (s) of the Investor (In case of joint holding, all the investors, whose signatures are registered with Agency bank, should sign here) ------------------------------------------------------------------------------------------------------------ Certified that the particulars furnished above are correct as per our records. Bank's Stamp : Date: (…..............................) &nbs....