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Bonds - What are the salient features of RBI Bonds?

11 Apr 2003

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RBI bonds will be issued and held at the credit of the holder in an account called bond ledger account or in the form of promissory note. These bonds in the form of bond ledger account, will be issued and held with the public debt offices of the Reserve Bank of India or any branch of a scheduled bank authorized by Reserve Bank of India. The bonds in the form of promissory note will be issued only at the offices of Reserve Bank of India. Where the bonds in the form of promissory note cannot be issued immediately on receipt of the subscription due to non-availability of the bond forms, or otherwise the receiving office will issue a provisional receipt in favour of the subscriber for the value of the subscription tendered by him.

The bonds issued in one form will not be eligible for conversion into the other form. The bonds issued under 9% Relief Bonds 1993, 10% Relief Bonds 1995 and the existing 9% Relief Bonds 1999 which are not matured will be eligible for conversion into the bonds in the form of bond ledger account under this scheme for the remaining tenure of the relative bonds.

Source: DWT BACK

To be added soon

Priyanshu B. Tanna

SEBI registered IFA

ARN119467 & EUIN E-183966

To be added soon

Bharat Tanna

SEBI registered IFA

ARN26176 & EUIN E-044509

To be added soon

Kundan B. Tanna

SEBI registered IFA

ARN294073 & EUIN E-553599

Risk factor

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

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