Form Of Application For 10 Per Cent Relief Bonds, 1993

Form Of Application For 10 Per Cent Relief Bonds, 1993 

The application should be in multiples of Rs. 1, 000. Cheque/draft should be drawn in favour of the Bank receiving the application and at the place at which the application is tendered.

 The bonds issued under the earlier schemes, namely, 9 per cent Relief Bonds 1987, 10 per cent Relief Bonds 1993, 9 per cent Relief Bonds 1993, 10 per cent Relief Bonds 1995, 9 per cent Relief Bonds 1999 and 8.5 per cent Relief Bonds 2001 will carry post-maturity interest at the rate of 8 per cent with effect from March 1, according to a release. Further, the maximum limit for investments in Relief Bonds 2002 will be Rs. 2 lakhs per investor in a 12-month period commencing March 1 and the maximum limit will also be applicable in respect of re-investments and to Relief Bonds that have matured but have not been encashed on or after March 1.

RELIEF bonds issued on or after March 1 will bear an interest rate of eight per cent as against 8.5 per cent earlier. This follows the 50 basis points cut on the tax-free Relief Bonds in the Union Budget 2002-03.



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