A person residing in India
In his or her individual capacity, or
In individual capacity on joint basis, or
In individual capacity on anyone or survivor basis, or
On behalf of a minor as father/mother/legal guardian
A Hindu Undivided Family.
Minimum investment of Rs.1,000
No maximum limit on investment
Floating rate of interest with a Half Yearly interest payout
7 years tenure of the bond from the date of issue with a special provision for premature redemption for Senior Citizens.