Government of India notifies the issue of 7.75% Savings (Taxable) Bonds, 2018 (“the Bonds”) from January 10, 2018

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....ers. (ii) The Bonds will be exempt from wealth-tax under the Wealth Tax Act, 1957. 5. Issue Price: (i) The Bond will be issued at par i.e. at Rs.  100.00. (ii) The Bonds will be issued for a minimum amount of Rs.  1,000 (face value) and in multiples thereof. Accordingly, the issue price will be Rs.  1,000 for every Rs. 1,000 (Nominal) face value. 6. Subscription (i) Subscription to the Bonds will be in the form of Cash/ Drafts/ Cheques or any electronic mode acceptable to the receiving office. (ii) Cheques or drafts should be drawn in favour of the bank (Receiving Office), specified in paragraph 10 below and payable at the place where the applications are tendered. 7. Date of Issue The Bonds will be issued, in demat form and credited to the Bond Ledger Account (BLA) of the investor/s on the date of tender of cash or the date of realization of draft/ cheque. 8. Form (i) The Bonds will be issued only in the demat form and held at the credit of the holder in an account called Bonds Ledger Account (BLA), opened with the receiving bank. (ii) The Bonds issued to the credit of BLA of an investors will be held by any number of branches of the banks and SHCIL, as ....

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....may be cancelled by giving notice in writing to the Receiving Office in Form C, annexed to the notification (Annexure 5). (vii) Every nomination and every cancellation or variation shall be registered at the Receiving Office where the Bond is issued and shall be effective from the date of such registration. (viii) If the nominee is a minor, the holder of Bonds may appoint any person to receive the Bonds/ amount due in the event of his / her / their death during the period the nominee is a minor. 12. Transferability: The Bonds held to the credit of Bonds Ledger Account of an investor shall not be transferable. 13. Interest: (i) The Bonds will be issued in 'Cumulative' or 'Non-cumulative' form, at the option of investor and will bear interest at the rate of 7.75% per annum. (ii) Interest on non-cumulative Bonds will be payable at half-yearly intervals from the date of issue in terms of paragraph 7 above and interest on cumulative Bonds will be compounded with half-yearly rests and will be payable on maturity along with the principal. (iii) In the latter case, the maturity value of the Bonds shall be Rs.  1,703.00 (being principal and interest) for every Rs.  1,000/-....

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....conditions of eligibility. (iv) After aforesaid minimum lock in period from the date of issue an eligible investor can surrender the bonds at any time after the 12th, 10th and 8th half year corresponding to the respective lock in period but redemption payment will be made on the following interest payment due date. Thus, the effective date of premature encashment for eligible investors will be 1st August and 1st February every year. However, 50% of interest due and payable for the last six months of the holding period will be recovered in such cases, both in respect of Cumulative and Non-cumulative bonds. 17. Brokerage: Brokerage at the rate of Rs.  1.00 per Rs.  100 will be paid to the brokers registered with the Receiving Offices, as listed in paragraph 10 above, on the applications tendered by them and bearing their stamp, on behalf of their clients. By Order of the President of India, [F. No.F.4(28)-B(W&M)/2017] PRASHANT GOYAL, Jt. Secy. (Budget) ============= Document 1 [ भाग II-खण्ड 3 (ii)] 17. Brokerage: भारत का राजपत्र : असाधा....

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....ld in the Bond Ledger Account Investment Transfer Due date of repayment Repayment * Balance Initials under bank's seal Date Amount (Nominal) Date Amount (Nominal) Date Amount (Nominal) Nominal Maturity Value 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. * Due date of repayment to be indicated in the case of transfer. [ भाग II-खण्ड 3 (ii)] भारत का राजपत्र : असाधारण (FORM A) [See Para 9] APPLICATION FORM FOR 7.75% Savings (Taxable) Bonds, 2018 (Please read the instructions carefully before filling up the form) (Please write in block letters and tick ( ☐ ) the appropriate box) I/WE TENDER THE SUM BEING THE SUBSCRIPTION TO 7.75% Savings (Taxable) Bonds, 2018 AMOUNT OF SUBSCRIPTION Rs.. BROKERS NAME: CODE NO. : ADDRESS : 19 ANNEXURE - 2 (Rupees BY CASH [ ] CHEQUE[ ] D.D. [ ] ELECTRONIC MODE No. DATED DRAWN ON (BANK/BRANCH) I/WE APPLY AS [ ] INDIVIDUAL [ ] ON BEHALF OF MINOR [ ] * KARTA OF HUF [ ] PAID RELATIONSHIP WITH MINOR ( ) FATHER ( ) MOTHER ( ) LEGAL GUARDIAN MODE OF HOLDING: [ ] SINGLE [ ] ....

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....R OR OTHERWISE DEAL IN 7.75% SAVINGS (TAXABLE) BONDS, 2018 STANDING IN THE NAME OF THE SAID HUF. PLACE: DATE: SPECIMEN SIGNATURE FOR AND ON BEHALF OF THE HUF (NAME OF THE HUF) SIGNATURE OF THE KARTA 1) 2) INSTRUCTIONS AND GUIDELINES FOR 7.75% SAVINGS (TAXABLE) BONDS, 2018 There is no maximum limit for investment in the Bonds. Cheque/ draft towards subscription should be drawn in favour of the bank/Receiving Office, receiving the application and payable at the place where the application is tendered. 3) If the application is made on behalf of a minor by the legal guardian, a guardianship certificate granted by a competent court under the provisions of Guardians and Wards Act (Act of 1890) should be produced. 4) In case of minor applicant, a birth certificate issued by the Municipal or other competent authority, church, Registrar of Birth/s or a Magistrate, Head of a Gram Panchayat or Head Master of a School disclosing the name and the date of birth of the minor should be produced in original (along with one xerox copy) for verification. 5) The application shall bear the signature/thumb impression of the applicant/s. The thumb mark should be witnessed by 2 respe....

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.... will be paid to the brokers registered with Receiving Offices listed in Para 10 (a) & (b) as also to authorised banks on the applications tendered by them on behalf of their clients and bearing their stamp. 15) The Bonds shall not be tradable in secondary market and not eligible as collateral for loan from banks, financial institutions and NBFC, etc. Annexure 3 List of Receiving Offices handling 7.75% Savings (Taxable) Bonds, 2018 S. No. Name of Bank 1. State Bank of India 2. Allahabad Bank 3. Bank of Baroda 4. Bank of India 5. Bank of Maharashtra 6. Canara Bank 7. Central Bank of India Name of the Receiving Offices [ भाग II-खण्ड 3 (ii)] Dena Bank भारत का राजपत्र : असाधारण 23 8. 9. Indian Bank 10. 11. 12. Indian Overseas Bank Punjab National Bank Syndicate Bank 13. UCO Bank 14. Union Bank of India 15. United Bank of India 16. Corporation Bank 17. Oriental Bank of Commerce 18. Vijaya Bank 19. IDBI Bank Ltd. 20. ICICI Bank Ltd. 21. HDFC Bank Ltd. 22. Axis Bank Ltd. 23. Stock Holding Corpor....