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The Bond will be issued within 7 days from the date of
realization of the cheque.
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The Certificate of Holding will be issued within 5 days from
the date of tender of application.
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The interest on the bond accrues from the date of subscription
in cash or date of realization of cheque. The half-yearly interest warrants
will be despatched one month in advance from the due date.
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The interest on the date of 1st February / 1st August will be
credited to the bank account or remitted by an interest warrant at the last
registered address.
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An advice of payment of interest will be issued to the
investor one month in advance from the due date.
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A sole holder may nominate one or more nominees to the rights
of the bonds. Non-resident Indian can also be nominated.
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The nomination will be registered at the Office of Issue and a
Certificate of Registration will be issued to the holder.
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The nomination can be varied by registering a fresh
nomination.
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The existing nomination can be cancelled by a request to the
Office of Issue.
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The redemption is due on the expiry of six years from the date
of investment.
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Early redemption facility is not available.
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The investor is entitled to receive repayment amount within
five clear working days from the date of tender of acquittance.
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Facility for payment of half yearly interest / redemption
proceeds can be availed through ECS or direct credit to the bank account.
Applicants may indicate his choice, to avoid delay in receipt of interest /
redemption proceeds.
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In case the Branches does not comply with the above, you may
lodge a complaint in writing in the form provided at the counter and address
the same to the Head Office as under:
The Asst.General Manager (Accounts),
Syndicate Bank,
Head Office,
MANIPAL – 576 104.
(Karnataka State)
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