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Tax Saving Bond

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

Option I II III IV
Tax Benefit under Section 88 88 88 88
Issue Price (Rs.) 5,000 5,000 5,000 5,000
Face Value (Rs.) 5,000 5,000 6,625 8,850
Tenure 3 years 6 years 3 Years 4 Months 6 years 6 months
Interest (%) (p.a.)* 8.75 9.00 DDB@(YTM 8.8 %) DDB@(YTM 9.2 %)
Interest Payable Annually Annually DDB DDB
Yield to Investor (%) * + # (Including Tax Benefits) 18.2 14.3 16.5 13.1
Interest Payment Dates June 01 June 01 DDB@ DDB@
Redemption date April 23, 2005 April 23, 2008 August 23, 2005 October 23, 2008

 

@ Tax Saving Bond Option III & IV 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 all the options.

# Rounded off to nearest multiple of 0.1.

 

Encash Bond

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

Issue Price (Rs.) Rs. 5000
Face Value Rs. 5000
Tenure 5 years
Interest (%) (p.a) 1st Year 2nd Year 3rd Year 4th Year 5th Year
8.50 8.75 9.00 9.25 9.50
Interest Payable Annually
Annualised yield at the end of respective year(%)* # 8.5 8.6 8.7 8.8 9.0
Interest Payment
Dates
June 01
Redemption date April 23, 2007

 

* Subject to TDS as per the then prevailing tax laws.

# Rounded off to nearest multiple of 0.1


Encash Bond will be allotted only in physical mode and not in demat mode. NRI/OCBs are not eligible to invest in Encash Bond.

Monthly Income Bond

This Bond has been designed keeping in view the need for a monthly income to meet expenses that are incurred on a monthly basis - for example, household expenses. The product also helps provide a source of income to individuals who have either a variable income (Self Employed Professional, etc.) or who have retired (including those who have opted for VRS).

 

Option I
Issue Price (Rs.) 5000/-
Face Value (Rs.) 5000/-
Tenure 7 years
Interest (%) (p.a.)* 8.75
Interest Payable Monthly
Yield to Investor (%)*# 9.1
Interest Payable Monthly
Redemption date April 23,2009

 

* Subject to TDS as per the then prevailing tax laws.

# Rounded off to the nearest multiple of 0.1.

 

Regular Income Bond

Face Value : Rs. 5,000/-

Redemption : At Face Value, i.e., Rs. 5,000/

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

 

Option I II III
Issue Price (Rs.) 5000/- 5000/- 5000/-
Face Value (Rs.) 5000/- 5000/- 5000/-
Tenure 7 years 7 years 5 years
Interest (%) (p.a.)* 9.00 9.25 9.00
Interest Payable Half-Yearly Annually Annually
Yield to Investor (%)*# 9.2 9.3 9.0
Interest Payment Dates June 01 & December 01 June 01 June 01
Redemption date April 23, 2009 April 23, 2009 April 23, 2007

 

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

 

Money Multiplier Bond (in the nature of Deep Discount Bond)

 

Option II
Issue Price (Rs.) 5,000/-
Face Value (Rs.) 10000/-
Tenure 7 Years 8months
Interest (%) (p.a) DDB@
Interest payable DDB@
Yield to Investor (%) 9.5
Interest payment Dates DDB@
Redemption date September 27, 2009

 

* Subject to TDS as per the then prevailing tax laws.

# Rounded off to the nearest multiple of 0.1.

@ Money Multiplier Bonds are in the nature of Deep Discount Bond (DDB), hence no periodic interest is payable

 

Children Growth Bond (in the nature of Deep Discount Bond)

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.

The investors can choose either/both of the following options:

 

Option I II
Issue Price (Rs.) 5,000/- 5,000/-
Face Value (Rs.) 25,000/- 40,000/-
Tenure 16 Years 10 Months 21 Years 3 Months
Interest (%) (p.a) DDB@ DDB@
Interest payable DDB@ DDB@
Yield to Investor (%)*# 10.0 10.3
Interest payment Dates DDB@ DDB@
Redemption date February 23, 2019 July 23, 2023

 

* Subject to TDS as per the then prevailing tax laws.

# Rounded off to the nearest multiple of 0.1.

@ Children Growth Bonds are in the nature of Deep Discount Bond (DDB), hence no periodic interest is payable.