The Bond will be issued within 7 days from the date of
realization of the cheque.
The Certificate of Holding will be issued within 5 days from
the date of tender of application.
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.
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
An advice of payment of interest will be issued to the
investor one month in advance from the due date.
A sole holder may nominate one or more nominees to the rights
of the bonds. Non-resident Indian can also be nominated.
The nomination will be registered at the Office of Issue and a
Certificate of Registration will be issued to the holder.
The nomination can be varied by registering a fresh
The existing nomination can be cancelled by a request to the
Office of Issue.
The redemption is due on the expiry of six years from the date
Early redemption facility is not available.
The investor is entitled to receive repayment amount within
five clear working days from the date of tender of acquittance.
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 /
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),
MANIPAL – 576 104.