RBI Relief Bonds

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6.5 Savings Bonds, 2003 (Tax Free)
Eligibility Of Investment
The bonds may be held by:-
(i) An individual, not being a Non-Resident India
a) in his or her individual capacity or
b) in individual capacity on joint basis, or
c) in individual capacity on anyone or survivor basis or
d) on behalf of a minor as father/mother/legal

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Hari Murlidhar Bhagwat

Hanuman Road, Mumbai, Maharashtra
GST- 27AEVPB2087H1Z8
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Product Description

6.5 Savings Bonds, 2003 (Tax Free)
Eligibility Of Investment
The bonds may be held by:-
(i) An individual, not being a Non-Resident India
a) in his or her individual capacity or
b) in individual capacity on joint basis, or
c) in individual capacity on anyone or survivor basis or
d) on behalf of a minor as father/mother/legal
guardian
(ii) A Hindu Undivided family
Limit of investment
There will be no maximum limit of investment in the bonds
Tax Concession
The interest on the bonds will be exempt from income-tax under the Income Tax Act, 1961.
The bonds will be exempt from Wealth-tax under the Wealth Tax Act 1957.
Issue Price
a) The bonds will be issued at par
b) The bonds will be issued for a minimum amount of Rs. 1000/- (face value) and in multiplies thereof. Accordingly, the issue price will be Rs. 1000/- for every 1,000/- (Nominal)
Interest Payments
Half yearly options: Interest will be paid on 1st January / 1st July.
On Maturity: Compounded with half yearly rates and will be payable on maturity along with principal maturity value will be Rs 1,376.90 (being principal and interest) for every Rs 1,000/- invested.
Subscription
Subscription to the bonds will be in the form of Cash/Drafts/ Cheques.
Transferability
The bonds in the form of Bond Ledger Account and Stock Certificate shall not be transferable except by way of gift to a relative defined in the section of the Indian Companies Act, 1956, by execution of appropriate Transfer Form as given in Annexure 6A and 6B (as may be applicable) and an execution of an affidavit by the holder.
Advances
The Bonds shall not be tradable in the secondary market shall not be eligible as collateral for loans from banks, financial institutions and Non-Banking Financial Company (NBFC) etc.
Repayment
The Bonds shall be repayable on the expiration of 5 (five years) from the date of issue. No interest would accrue after the maturity of the bond.
Provision for Premature Encashment
After minimum lock in period of 3 years from the date of issue, an investor can surrender the Bonds at any time after the 6th half year but redemption payment will be made on the following interest payment due date (as indicated below). Thus the effective date of premature encashment will be 1st July and 1st January every year. However 50% of the interest due and payable for the last six months of the holding period will be recovered in such cases both in respect of cumulative and Non-cumulative Bonds.
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RBI Relief Bonds

About the Company

Legal Status of FirmSole Proprietorship (Individual)
Nature of BusinessService Provider
IndiaMART Member SinceMay 2014
GST27AEVPB2087H1Z8
We are a well established investment concern engaged in financial services including exclusive portfolio management and consultancy. We provide a wide range of financial products which cover within its ambit insurance, mutual funds and other financial products.
We are with life insurance corp. of India since last 9 years and proud to be multicrore agents each year in succession. Our service oriented approach, professionalism and personalized service has resulted in a network of very satisfied investors.
Growing need of other investment avenues and to give multiple investment options to our investors we have plunged into mutual funds investments full throttle with all the latest technology.
Have an excellent infrastructure to cater to the needs of our investors.
We not only work towards creating wealth for our investors but also preserving it.
Asset allocation being the most important part in any investment portfolio we package and plan your financial investment patterns understanding your income sources, liabilities and anticipated expenses.
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Seller Contact Details

Hari M Bhagwat

B/7, Krishna Cottage
Hanuman Road
Mumbai - 400057, Maharashtra, India

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