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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 6,250 5,000 7250/-
Tenure 3 years 3 years 4 months 5 years 5 years 4 months
Interest (%) (p.a.)* 7.00 DDB@(YTM 6.9 %) 7.25 DDB@(YTM 7.2 %)
Interest Payable Annually DDB@ Annually DDB@
Yield to Investor (%) * + # (Including Tax Benefits) 13.8 12.6 11.6 10.7
Interest Payment Dates March 01 DDB@ March 01 DDB@
Redemption date February 26, 2006 June 26, 2006 February 26, 2008 June 26, 2008


@ Tax Saving Bond Options II and 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 15% available to the investor and assuming that a surcharge of 5% of tax is payable in case of all the options

# Rounded off to nearest multiple of 0.1.