Common Question about Tax Free bonds
What is frequency of Interest payment ?
Interest is payable annually.
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Can Applicant apply Physical Mode ?
Yes. Investment can be made in Physical mode as well by any categories of Investor.
Who is Not eligible to invest in the issue?
Application not made by :
- Minors without a guardian name
- Foreign Nationals
- Non-residence Indians (NRI)
- Persons residence outside India
- Venture Capital Fund & Foreign Venture Capital Investor
- FII & Qualify Foreign Investor
- Overseas Corporate Bodies
- Co- Op Society
- Public / Private Charitable Trust / Religious Trust
- Scientific / Research Organization
- Partnership Firm / LLP
Can Application be made on Joint Name ?
Application should be single or Joint Name (not exceed three names). In case of application in joint names for Allotment of Bonds in Dematerialised form, the names should be in the same order as appearing in the records of the Depository Participant.
What are tenor of these Bonds?
The tenor of these Bonds will be 10 year and 15 years.
Can you describe the Investor Category ?
Category I Qualify Institutional Buyers (QIB) –
Public Financial Institutions, Scheduled Commercial Banks, State Ind. Dev. Corp. , Provident Fund & Pension Fund, Insurance Co. register with IRDA, etc.,
Category II (Non Institutional Investor – (NII)
Companies and Bodies Corporate registered applicable law in India
Category III (High Network Individuals – (HNI)
Residence Indian Individuals who apply for Bonds aggregating to a value more than 10 lacs , across all series of Bonds in particulare Tranche, HUF through the Karta who apply for Bonds aggregating to a value more than 10 lacs , across all series of Bonds in particulare Tranche
Category IV (Retail Individual Investor – (RII)
Residence Indian Individuals who apply for Bonds aggregating upto and including 10 lacs across all series of Bonds in particulare Tranche , HUF through the Karta who apply for Bonds aggregating upto and including 10 lacs across all series of Bonds in particulare Tranche
If any other question in your mind – Tell us