GoI Bonds - Introduction


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Introduction

Savings Bonds are issued by RBI on behalf of Government of India in the following series.

8.0% taxable bonds

These Bonds are held in electronic form in an account called Bond Ledger Account (BLA). Bond Ledger Accounts can be opened and operated with RBI designated Receiving Offices. SHCIL has been designated as one of the Receiving Offices by RBI for this purpose. Subscriptions for Savings Bonds can be submitted at any of our branches.

Savings Bonds being sovereign in nature are absolutely safe and an attractive investment option in the current volatile market situation.

The following categories can subscribe to Savings Bonds :

Category of Investor	8.0% (Taxable)
Individual his or her individual capacity. individual capacity on joint basis individual capacity on anyone or survivor basis On behalf of a minor as father/mother/legal guardian
HUF (Hindu Undivided Family)
Charitable Instituition Charitable Institution to mean a Company registered under Section 25 of the Indian Companies Act 1956 An Institution which has obtained a Certificate of Registration as a Charitable Institution in accordance with a law in force Any institution which has obtained a certificate from Income tax Authority for the purposes of Section 80G of the Income Tax Act, 1961
University University means a University established or incorporated by a Central, State or Provincial Act and includes an Institution declared under section 3 of the University Grants Commission Act, 1956 to be a University for the purposes of that Act

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