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Tax Saving Bond

Investors can avail of rebate under Section 88 of the Income Tax Act, 1961 by investing in this Bond.

The proceeds from this Bond shall be deployed towards infrastructure projects in accordance with the Income-tax Rules.

The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India has vide its letter F.NO.178/19/2000-IT(AI) dated June 14, 2001 declared the Tax Saving Bond as eligible security for the purpose of clause (xvi) of sub-section (2) ofSection 88 of the Income-tax Act, 1961. The tax rebate under Section 88 can be availed of by NRIs provided NRIs opt not to be assessed under the Special Provision(s) of Chapter XII-A of the Income-tax Act, 1961

The investor can choose any/all of the following options in respect of Tax Saving Bond :

Option	I	II	II
Tax Benefit under Section	88	88	88
Issue Price (Rs.)	5,000	5,000	5,000
Face Value (Rs.)	5,000	6,660	9,000
Tenure	3 years	3 years 4 months	6 years 6 months
Interest (%) (p.a.)*	9.00	DDB@(YTM 9.0%*)	DDB@(YTM 9.5%*)
Interest Payable	Annually	DDB^@	DDB^@
Minimum Application	1 Bond	1 Bond	1 Bond
Yield to Investor(%)^*># (Including Tax benefits)	18.5	16.7	13.4


^@	Tax Saving Bond Option II & III are in the nature of Deep Discount Bond (DDB), hence no periodic interest is payable.
*	Subject to TDS as per the then prevailing tax laws. >The yield has been calculated considering the tax rebate of 20% available to the investor and assuming that a surcharge of 2% of tax is payable in case of both the options.
#	Rounded off to nearest multiple of 0.1.

For Tax Benefits under Option I (Annual Interest) :
� Please refer points 1 & 3 to 5 of II A of the Tax Benefits (see overleaf)
� For NRIs, refer points 1 to 7 & 9 of II B of the Tax Benefits.
� For other eligible institutions, refer points 1 & 2 of II C of the Tax Benefits.

For Tax Benefits under Option II and III (in the nature of Deep Discount Bond) :
� Please refer points 1 to 5 of II A of the Tax Benefits.
� For NRIs, refer points 1 to 9 of II B of the Tax Benefits.
� For other eligible institutions, refer points 1 & 2 of II C of the Tax Benefits.

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This Bond is designed to give instant liquidity anytime after one year,across the counter,to investors in case of need.

*	Subject to TDS as per the then prevailing tax laws.
#	Rounded off to nearest multiple of 0.1

For Tax Benefits:
� Please refer points 1, 4 & 5 of IIA of the Tax Benefits (see overleaf)
� For NRIs, refer points 1 to 7 of IIB of the Tax Benefits.
� For other eligible institutions, refer points 1 & 2 of IIC of the Tax Benefits.

The investors can choose any/all of the following options in respect of payment of interest.

Option	I	II	III
Minimum Application	3 Bonds	2 Bonds	1 Bond
Tenure	7 years	7 years	7 years
Interest (%) (p.a.)*	9.25	9.50	9.75
Interest Payable	Monthly	Half-Yearly	Annually
*Yield to Investor (%)#**	9.7	9.7	9.8

*	Subject to TDS as per the then prevailing tax laws.
^#	Rounded off to the nearest multiple of 0.1.

For Tax Benefits :
� Please refer points 1, 4 & 5 of II A of the Tax Benefits.(see overleaf)
� For NRIs, refer points 1 to 7 of II B of the Tax Benefits.
� For other eligible institutions, refer points 1 & 2 of IIC of the Tax Benefits.

The investors can choose any/all of the following options:

Option	I	II
Issue Price (Rs.)	5,000/-	5,000/-
Tenure	4 years 7 months	7 Years 4 months
Face Value (Rs.)	7,475/-	10,000/-
Minimum Application	1 Bond	1 Bond
*Yield to Investor (%)#**	9.2	9.9

*	Subject to TDS as per the then prevailing tax laws.
^#	Rounded off to the nearest multiple of 0.1.

For Tax Benefits :
� Please refer points 1, 2, 4 & 5 of II A of the Tax Benefits (see overleaf).
� For NRIs, refer points 1 to 8 of II B of the Tax Benefits.
� For other eligible institutions, refer points 1 & 2 of II C of the Tax Benefits.

This Bond has been designed to provide for the lumpsum expenditure requirements once the child has grown up for events such as the child's wedding, higher education etc.

For Tax Benefits :
� Please refer points 1, 2, 4 & 5 of II A of the Tax Benefits. (see overleaf).
� For NRIs, refer points 1 to 8 of II B of the Tax Benefits.
� For other eligible institutions, refer points 1 & 2 of II C of the Tax Benefits.

This Bond is designed to provide returns to the investors linked to the yields on Government of India securities along with early redemption options.