8% Relief Bonds, 2002 - Relaxation for retired employees

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.... in this Ministry's Notification F. No. 4(5)/W&M/2002 dated 28th February, 2002 shall be subject to further amendments as follows : Limit of investment The maximum limit of Rs. 2 lakhs per annum per investor for Investment in the Bonds shall not apply to : 1. (A) Investments made by retiring employees, including those retiring under Voluntary Retirement Schemes, of the Government, Public ....

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....vested by the retiring employee are retirement/terminal benefits received by him/her on retirement/under Voluntary Retirement Scheme. II. Reinvestment to be made by already retired employees of the Government, Public Sector, Banks, Local Bodies and Private Sector of the maturity proceeds of the Relief Bonds initially purchased out of their retirement/terminal benefits/Voluntary Retirement Schem....