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.
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)