The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd (SHCIL).
Inflation Indexed National Savings Securities- Cumulative, 2013 - Early repayment/redemption
after one year of holding if he/she is a senior citizen (over 65 years of age)
after 3 years of holding in all other cases,
subject to deduction of penalty at the rate of 50% of the last coupon payable. The early redemption is allowed only on coupon date.
2. In this regard, please find enclosed the process flow of early repayment/pre-mature redemption before the maturity date of the security on e-kuber Portal. The early repayment/pre-mature redemption report will be available in the ‘My Downloads’ option under the member bank user’s login.
3. The function will be available from December 23, 2014 on e-kuber portal. Kindly revert in case of any clarifications and mark a copy of your email.