Non-cumulative
(half yearly):Interest
to the holders opting for non-cumulative bonds will be
paid from date of issue up to 31st July/31st January as
the case may be and thereafter half yearly for period
ending 30th June /31st December on 1st August and 1st
February.
Cumulative:
Interest at the rate of 8% per annum compounded with half
yearly rests and will be paid to the investor on maturity
along with principal. (the maturity value of the bonds shall
be Rs 1601.00/- for every Rs1000/-) (subject to TDS as applicable).
