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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 6,200 5,000 7,050
Tenure 3 years 3 Years 4 Months 5 Years 5 Years 4 Months
Interest(%) (p.a.)* 6.75 DDB@(YTM 6.7 %) 6.75 DDB@(YTM 6.7 %)
Interest Payable Annually DDB@ Annually DDB@
Yield to Investor (%) * + # (Including Tax Benefits) 13.5 12.3 11.0 10.1
Interest Payment Dates May 01 DDB@ May 01 DDB@
Redemption date April 30, 2006 August 30, 2006 April 30, 2008 August 30, 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.

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
Issue Price (Rs.) 5000/-
Face Value (Rs.) 5000/-
Tenure 7 years
Interest (%) (p.a.)* 6.75
Interest Payable Annually
Yield to Investor (%)*# 6.8
Interest Payment Dates May 01
Redemption date April 30, 2010


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

# Rounded off to the nearest multiple of 0.1.