MASTER CIRCULAR ON NOMINATION FACILITY FOR RELIEF/SAVINGS BONDS

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uctions on the above subject at one place, instructions issued up to June 30, 2013 by us are enclosed. (Annexure). This circular has also been placed on RBI website http://www.rbi.org.in. Annexure Master Circular on Nomination facility for Relief/Savings Bonds 1. A sole holder or all the joint holders (investors) of a Relief/Savings bond other than in the form of promissory note or bearer bond ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ignated branch of the authorised public/private sector bank. 5. If the nominee is a minor, the holder(s) of the Relief/Savings bond may appoint any person, not being a minor, to receive the proceeds of a Relief/Savings bond on behalf of the nominee in the event of his/her/their death during the minority of the nominee. 6. The investor(s) can make separate nomination for each investment in a Bond....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....older(s) applies to the agency banks for substitution or cancellation of the nomination and the substitution or cancellation is duly registered by the office; (b) If the holder(s) transfers the Certificate to another party. The various circulars/instructions issued by RBI based on which the above Master Circular is prepared are listed below: (i) Ref. 'Memorandum of Procedure' for Relief bonds. ....