How much can I invest?

You can make an investment from a minimum of Rs. 1,000 and in multiples of Rs.1,000/-. There will be no maximum limit for investments.

What rate of interest will I get from this bond?

You will receive a 8% interest payable Half Yearly in the case of "Non Cumulative" as on June/December and on the date of maturity with half yearly compounding in the case of "Cumulative". Interest will be credited to SB Account/Paid by Bankers Cheque as per the option of the investor.

When will my bond mature?

The Bonds are repayable after lock-in period of 6 years. Premature encashment is not allowed.

How can I apply for the 8% Savings (Taxable) Bond Scheme - 2003

The application can be down loaded from RBI website at www.goirb.rbi.org.in. Fill in the forms and submit it at any of the following IOB branches:

For more information, you could contact the Government Accounts Department at:

Email: iobmail@vsnl.com

Telephone: 044-851 9567

or any one of our above 62 authorised branches