Government of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New Delhi dated April 21, 2014
NOTIFICATION
8% Savings (Taxable) Bonds, 2003
No. F 4 (10)-W&M/2003: The Government of India hereby notifies that sub-paragraph (i) in
Paragraph 9 (Applications) of the aforesaid Notification notified on March 21, 2003 shall be
substituted by the following sub-paragraph namely:-
"(i) Applications for the Bonds may be made in the Revised Form ,,A attached hereto or in
any other form as near as thereto incorporating all the fields in the revised form."
The other terms and conditions of the notification shall remain unchanged.
By Order of the President of India
(Dr. Rajat Bhargava)
Joint Secretary to the Government of India
Revised Form `A' (Notified on April 21, 2014)
(Banks to print separate forms for Cumulative and Non-Cumulative in different colours)
< Name of the bank >
< Name of the branch>
Application Number
APPLICATION FORM FOR 8% SAVINGS (TAXABLE) BONDS, 2003
(Put wherever required. Fields with `*' are mandatory)
For Office use only
Broker's name Sub Broker's Bank branch Branch name & BLA Number Verified By
& Code name & Code stamp Code
Date of Date of Credit Date of Credit Date of Full Address of
transfer to to Special To Govt. A/C receipt of the Branch
Link Cell Current A/C Application
(DD/MM/YYYY) (DD/MM/YYYY) (DD/MM/YYYY) (DD/MM/YYYY)
Applicant(s) name(s) [in block letters]
1stApplicant:Mr/Mrs/Ms
Last Name First Name Middle Name
2ndApplicant:Mr/Mrs/Ms
Last Name First Name Middle Name
3rdApplicant:Mr/Mrs/Ms
Last Name First Name Middle Name
Guardian : Mr/Mrs/Ms
Last Name First Name Middle Name
Guardian's relationship with minor [ ] Father [ ] Mother [ ] Legal Guardian
st
*Date of Birth:1 Applicant(DD/MM/YYYY) ........./........./................ Gender: M/F
nd
*Date of Birth: 2 Applicant (DD/MM/YYYY) ........./........./................ Gender: M/F
rd
*Date of Birth: 3 Applicant (DD/MM/YYYY) ........./........./................. Gender: M/F
Mother's maiden name
Last Name First Name Middle Name
Communication address of the applicant:
Telephones (office/residence)
Email Address
Status: [ ] Resident Individual [] HUF
[ ] On behalf of minor [] Charitable Institution
[ ] Power of Attorney holder [] University
Investment details: [ ] Open a new Bond Ledger Account
[ ]Credit to my Bond Le
ger Account No....................................
Mode of Holding: [ ] Single [ ] Joint [] Anyone or Survivor
Mode of investment: [ ] Cash [ ] Cheque/DD
Cheque/DD No........................... dated ........../........../................ drawn on (Bank/branch) ........................................................
(DD/MM/YYYY)
................................................................................................................................................................................................................
for (Amount)`....................................... (Rupees.......................................................................................................................only)
*Bank details of First Applicant:(Please provide the following details for Interest/Redemption payment)
Interest Payment Options: Directly credit interest amount to my bank account No.
Particulars of the Bank account: Bank name..................................................... Branch..........................................................
Account Number
Nine digit Code number of the Bank & Branch
appearing on the MICR Cheque issued by the bank
IFSC Code
Signature and PAN Number
Signature/Thumb PAN Number I.T.Circle/Ward/ Bank A/c No. MICR CODE &
Impression@ District and Branch IFSC CODE
1st Applicant*
2nd Applicant
3rd Applicant
@Thumb impression to be attested by two witnesses on the back side
*All fields Mandatory.
Witnesses:
Name of 1st Witness................................................... Name of 2nd Witness...................................................
Address........................................................................... Address........................................................................
.......................................................................................... ..........................................................................................
Signature........................................................................... Signature..........................................................................
NECS/NEFT Mandate Form
(For credit of Redemption amount/interest to bank account not held with bank having the Bond Ledger Account)
1. Name of the First Applicant
1stApplicant:Mr/Mrs/Ms
Last Name First Name Middle Name
2. Particulars of the Bank account: Bank name..................................................... Branch..........................................................
Nine digit Code number of the Bank & Branch
appearing on the MICR Cheque issued by the bank
IFSC Code
(Please attach a photocopy of the Cheque leaf or a cancelled cheque issued to you by the bank for verification of
the Code number)
3. Account Type [ ] S. B. account [ ] Current Account
Account Number
Ledger Number
Ledger Folio No.
I hereby authorize ...................................................................................(name of the bank) to credit my
interest/redemption amounts through NECS/NEFT. I hereby declare that the particulars given above are correct
and complete. If the transaction is delayed at all for reasons of incomplete or incorrect information, I would not
hold the user institution responsible. I hereby agree to discharge the responsibility expected of me as a participant
under the scheme.
Place........................... Date............................... (Signature of the Applicant)...................................................
Bank Certification (Not required if photocopy of the cheque is submitted)
........................................................................................................................................................................................................
Certified that the particulars furnished above are correct as per our records.
(Date, Bank Stamp & Signature of Authorized Official)
H.U.F. declaration form
(Mandatory if applicant is Karta of HUF)
I,....................................................................., residing at the address given against First Applicant, do solemnly affirm
that I am the Karta of the Hindu Undivided Family and as such have full powers to sell, endorse, transfer or
otherwise deal in the 8% Savings (Taxable) Bonds, 2003 standing in the name of the HUF.
Specimen signature for and on behalf of the HUF (name of the HUF).................................................................
(Signature of the Karta with seal of HUF)
Place:................................................... Date ............................
Nomination facility (optional)
I,................................................................................................. residing at........................................................................................
..................................................................................................., and holder of Bond Ledger Account No.....................................
.................................... nominate the following person/s who shall on my death have the right to the bond / receive
payment of the amount for the time being due on the bond(s) specified below :
Particulars of Nominee /s
Sr. Date Amount Date of Full name with expanded Date of Relationship Particulars
No. of (`) repayment initials and address of birth to holder of bank
issue nominee account
If nominee is minor, please fill in the line below:
As.................................................................the sole nominee above is a minor on this date, I appoint Mr/Mrs/
Ms.................................................................... to receive the amount for the time being due on the above bond(s) in the
event of my death during the minority of the said nominee.........................................................(name of the nominee
who is a minor).
Change of nomination: This nomination is in substitution of the nomination dated ....../...../.......... made by me
and registered on your books at..................................................................................... which shall stand cancelled on
registration of this nomination.
Place.............................
Date......./......../..........
Signature / Thumb impression of the 1st Applicant
@Thumb impression to be attested by two witnesses.
Witnesses:
Name of 1st Witness....................................................... Name of 2nd Witness......................................................
Address.............................................................................. Address..............................................................................
............................................................................................ ............................................................................................
Signature........................................................................... Signature..........................................................................
INFORMATION FOR INVESTORS IN 8% SAVINGS (TAXABLE) BONDS, 2003
Government of India had introduced 8% Savings (Taxable) Bonds, 2003 vide their
notification No. F.4 (10)-W&M/2003 dated March 21, 2003. The main features of the
Scheme are as under:-
Item 8% Savings (Taxable ) Remarks
Bonds, 2003
1) Category of Individual Non resident Indians are not
Investor HUF eligible to invest in these bonds
University
Charitable Institution
2) Limit of investment Minimum `.1000/- and in multiples of No maximum limit
`.1000/-
3) Date of Issue of Date of receipt of subscription in cash
bonds or date of realization of cheque/draft
4) Forms of Bonds Bond Ledger Account
5) Option Non-cumulative / Cumulative Change of option is not permitted.
6) Interest In case of non-cumulative option, Half-yearly interest is payable on
interest is payable on half yearly basis. 1st February / 1st August
In case of Cumulative option, interest
is payable at the time of maturity
7) Post Maturity Post Maturity Interest is not payable
Interest
8) Bank account It is mandatory for the investors to
provide bank account details to
facilitate payment of interest /maturity
value
9) Tax benefits Income from the bonds is taxable. Tax will be deducted at source
Wealth tax is exempted. while interest is paid
10) Nomination The sole Holder or all the joint holders Non-Resident Indians can also be
Facility may nominate one or more persons as nominated. However, remittance
nominee. of the interest / maturity proceeds
will be subject to the foreign
Exchange regulations prevailing at
the time of remittance
11) Maturity period After 6 years
12) Premature Facility is available to the eligible
redemption investors as per the Govt. Notification
dated July 29, 2013 and subsequent
amendment vide Notification dated
August 16, 2013.
13) Transferability The bonds are not tradable in the
secondary market. However, the Bonds
shall be eligible as collateral for loans.
14) Loans from The holders of the said bonds shall be
banks against the entitled to create pledge,
security of these hypothecation or lien in favour of
Savings bonds scheduled bank for loans against the
security of the bonds.
15) Application forms Available at designated branches of SBI
and Associate banks, 18 Nationalised
banks, 3 Private Sector banks and
Stock Holding Corporation of India Ltd.
DUTIES OF INVESTOR/ APPLICANTS
A) Please fill up the application in all respects
B) Incomplete applications are liable to result in delay of issue of the bonds (at the cost of
the applicant)
C) In case the application is submitted by a Power of Attorney (POA) holder, please submit
original POA for verification, along with an attested copy
D) In case the application is on behalf of a minor, please submit the original birth certificate
from the School or Municipal Authorities for verification, together with an attested copy
E) Please note that nomination facility is available to a Sole Holder or all the joint holders
(investors) of a Relief/Savings bond.
F) In case nominee is a minor, please indicate the date of birth of the minor and a guardian
can be appointed
G) Nomination facility is not available in case the investment is on behalf of minor
H) Please fill separate application form (different colours) for issue of CUMULATIVE / NON-
CUMULATIVE bonds. Change of option is not permitted.
I) Please notify the change of address immediately
J) POST MATURITY INTEREST IS NOT PAYABLE AFTER DATE OF MATURITY.
HENCE PLEASE OBTAIN REDEMPTION PROCEEDS ON THE DUE DATE
K) Indicate your date of birth / age.
L) Provide your bank account details for receiving payment through Electronic mode
M) Any information regarding tax applicability may be provided to the bank/branch
RIGHTS OF THE INVESTOR
a) The Bond will be issued on the same day if subscription is received in cash and on
realization of the cheque if subscription is received through cheque.
b) The Certificate of Holding will be issued within 5 days from the date of tender of
application.
c) The interest on the bond accrues from the date of subscription in cash or date of
realization of cheque. The interest will be credited to the bank account of the holder
directly provided by him/her in the application form.
d) The interest on the date of 1st February / 1st August will be credited to the bank account.
e) An advice of payment of interest will be issued to the investor one month in advance
from the due date.
f) Maturity intimation advice will be issued one month before the due date of the bond.
g) Facility for payment of interest and principal by 'demand draft free of cost or at par
cheques' for up country customers is available.
h) The facility of intra-bank branch and inter bank branch transfer of the bonds is available.
i) Application forms for investments, redemption, NECS/NEFT Mandate, etc, in respect of
Savings Bonds are available on the website at www............com (Banks and SHCIL
website).
j) A sole holder or all the joint holders may nominate one or more nominees to the rights
of the bonds. Non-resident Indians can also be nominated
k) The nomination will be registered at the Office of Issue and a Certificate of Registration
will be issued to the holder.
l) The nomination can be varied by registering a fresh nomination.
m) The existing nomination can be cancelled by a request to the Office of Issue.
n) The redemption is due on expiry of six years from the date of investment.
o) Premature redemption facility has been introduced as per the conditions issued by the
Govt. vide its Notification dated July 29, 2013 and subsequent amendment vide
Notification dated August 16, 2013.
p) The investor is entitled to receive repayment amount within five clear working days from
the date of tender of acquaintance.
q) To avoid delay in receipt of interest / redemption proceeds applicants may indicate his
choice, for availing of half yearly interest / redemption proceeds through
ECS/NEFT/RTGS or direct credit to the bank account.
r) Investors are entitled for compensation for delayed payments at the rate decided by RBI
vide their circulars issued from time to time.
In case the bank 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 nearest office of Reserve Bank of
India as under :
THE REGIONAL DIRECTOR,
RESERVE BANK OF INDIA,
CUSTOMER SERVICE DEPARTMENT/
BANKING OMBUDSMAN
(LOCATION)
--------------------------------------
YOU MAY ALSO ADDRESS YOUR COMPLAINT TO:
THE CHIEF GENERAL MANAGER IN-CHARGE
DEPARTMENT OF GOVERNMENT AND BANK ACCOUNTS
CENTRAL OFFICE
BYCULLA, OPP. BOMBAY CENTRAL RAILWAY STATION
MUMBAI- 400 008, MAHARASHTRA
Disclaimer: -I have read and understood the details of information for the investors as well as
rights and duties of investors. The agent/bank has explained the features of the scheme to me.
Signature of the applicant
------------------------------------------ TEAR AWAY HERE ---------------------------------------
Acknowledgement of Application Form
Application No.
Bank branch....................................................................................................... Date ........./........../.......................
Received from Mr/Mrs/Ms..................................................................................................Cash/Draft/Pay Order/Cheque
No.......................................................... dated ....../........./.............drawn on(Bank and
branch).................................................................................................................................. for
`....................(Rupees..................................................................... only) for the purchase of 8% Savings (Taxable) Bonds,
2003 for a period of 6 years, interest payable on cumulative[]/payable on Non-cumulative [] basis of the nominal
value of `...............................(Rupees..................................................................................................................................only).
Date, Bank Stamp & Signature of the authorized
official of the Bank.
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