Saving Bonds

(14 kb)
Date of Publish: Jul 09 2004
6.5% Savings Bonds, 2003 (Non Taxable)

RBI/2004/31

CO.DT.No. 13.01.298/H.311-341/2004-05

July 9, 2004

Ashadha 18, 1926 (S)

The Chairman & Managing Director State Bank of India & Associate Banks

& 17 Nationalised Banks ,UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd.,

& Stock Holding Corporation of India Ltd.

Dear Sir,

6.5% Savings Bonds, 2003 (Non Taxable)

It has been decided by the Government of India vide their Notification F.No.4(9)- W & M/2003 dated July 9, 2004 (copy enclosed) that the issue of 6.5% Savings Bond, 2003 (Non Taxable) shall cease with effect from the close of business on Friday, July 9, 2004.

2. Accordingly, you are advised to STOP accepting fresh applications in respect of the captioned Scheme with immediate effect.

3. The contents of the circular may please be conveyed to all the designated branches of your bank handling Savings Bonds, 2003 (Non Taxable).

4. Please acknowledge receipt.

Yours faithfully,

(Prabal Sen)

Chief General Manager

Encl: One.


Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

New Delhi, dated the 9th July, 2004

NOTIFICATION

6.5% Savings Bonds, 2003 (Non taxable)

F.No.4(9) W & M/2003: The Government of India, hereby notifies that the issue of 6.5% Savings Bonds, 2003 as per Notification F.No.4 (9) W & M/ 2003, dated the 13th March, 2003 shall cease with effect from close of business as on July 9 (Friday), 2004.

Sd/-

(K.S. Menon)

Joint Secretary (Budget)



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