RBI-Floating

Download Forms here / Bonds

Share on Social Networks

Share Link

Use permanent link to share in social media

Share with a friend

Please login to send this document by email!

Embed in your website

Select page to start with

Post comment with email address (confirmation of email is required in order to publish comment on website) or please login to post comment

6. Page 6 of 6 Acknowledgement of Application Form Application Number: Bank branch...................................................................................................................... Date .............../............../.......................... Received from Mr/Mrs/Ms...................................................................................................................................................Cash/Draft/Pay Order/Cheque No./electronic credit ........................................................................ Dated .............../............../..........................drawn on (Bank and branch)................................................................................................................................................................................ for`........................................... (Rupees............................................................................................ only) for the purchase of Floating Ra te Savings Bonds, 2020 (Taxable) for a period of 7 years, of the nominal value of `......................................................... ............................................. (Rupees.......................................................................................................................................only). The bonds are required to be issued in the form of Bond Ledger Account. Date, Bank Stamp & Signature of the authorized official of the Receiving Office Note : (i) This receipt is valid subject to realisation of the payment instrument. (ii) The "Certificate of Holding" will be issued in electronic form by __________________________ (date).

5. Page 5 of 6 RIGHTS OF THE INVESTOR A) Please complete 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 for record. D) In case the application is on behalf of a minor, please submit the original birth certificate from the School or Municipal A uthorities for verification, together with an attested copy for record. E) Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of the bonds. 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 in the name of a minor. H) Please notify the change of address to Receiving Office immediately. a) The Certificate of Holding will be issued in electronic form within 7 working days from the date of tender of application. b) The interest on the bond accrues from the date of receipt of funds/realization of cheque/draft and will be credited to the b ank account of the holder directly, as per the details provided by him/her in the application form. c) The interest will be paid semi-annually and credited to the investors account every 01 January and 01 July with last install ment on date of redemption. d) Maturity intimation advice will be issued one month before the due date of the bond. e) Application forms for investments, redemption, nomination etc., in respect of Savings Bonds shall be available on the websit es of Receiving Offices. f) A sole holder or all the joint holders may nominate one or more nominees to the rights of the bonds.Nonresident Indians can also be nominated. g) The investor(s) can make separate nomination for each investment held under the BLA. h) The nomination will be registered at the Office of Issue and an acknowledgement of Registration will be issued to the holder . i) The nomination can be varied by registering a fresh nomination. j) The existing nomination can be cancelled by a request to the Office of Issue. k) The redemption is due on expiry of seven years from the date of investment, unless applied for premature redemption as appli cable. l) Premature redemption facility is allowed with certain conditions. m) Investors are entitled for compensation for delayed payments at the applicable coupon rate. In case the issuing bank does not comply with the above, you may lodge a complaint in writing in the form provided at the count er of the bank and address the same to the nearest office of Reserve Bank of India, as under: 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. THE REGIONAL DIRECTOR, RESERVE BANK OF INDIA, CONSUMER EDUCATION AND PROTECTION DEPARTMENT/ BANKING OMBUDSMAN (LOCATION) THE CHIEF GENERAL MANAGER INTERNAL DEBT MANAGEMENT DEPARTMENT RESERVE BANK OF INDIA, 23rd Floor CENTRAL OFFICE, Shahid Bhagat Singh Marg, MUMBAI-400 001 MAHARASHTRA E- mail ID – cgmidmd@rbi.org.in You may also address your complaint to: Signature/s of the applicant/s I) POST MATURITY INTEREST IS NOT PAYABLE ON THESE BONDS. The interest and redemption proceeds will be credited on the due date as per bank details registered with us. J) Indicate your date of birth / age. K) Provide your correct bank account details for receiving payment through electronic mode. In case of closure/transfer of the bank account, the fresh details may be immediately intimated to the Receiving Office to avoid any inconvenience. L) Any information regarding tax applicability may be provided to the bank/branch.

3. Page 3 of 6 Annexure 4. Form - ‘C’ Instructions – The Nomination and its Cancellation shall be governed by the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulation, 2007, published in Part III, Section 4 of the Gazette of India dated December 1, 2007. I/We ________________________________________________________________ (Name and address), the holder/s of BLA No ____________________ for the investment in Floating Rate Savings Bonds, 2020 (Taxable) hereby nominate the following person/s who shall on my/our de ath have the right to all the investments under the BLA / investments specified in the table below, to receive payment of the interest/amount for the time being due on the said BLA / investments. To be filled in case if nominee is minor: As________________________________________________________ the sole nominee above is a minor on this date, I/We appoint Shri/Smt./Kum _______________________________________to receive the amount for the time being due to th e above BLA/specified investment in the event of my/our death during the minority of the said nominee _____________________________________________ We acknowledge having registered the nomination made by _____________________________________ in respect of FRSB 2020 (T) in fa vour of________________________ (Name of nominees) for the BLA No____________________for the all the investments under the BLA / spe cified investment ________________________ and the nomination registration no. is_________________________. Please quote the above nom ination registration no. in all communication pertaining to change or cancellation of nomination. Date : ____________________________________ Receiving Office : ___________________________ Branch :___________________________________ If the nomination is in substitution of the one already made: This nomination is in substitution of the nomination dated_____________________ made by me/us and registered on your books at.............................which shall stand cancelled on registration of this nomination. Signature with name and address of witnesses: 1_____________________________________________________________ 2 ______________________________________________________________ Place: ____________________________________________________ Date: _______________________________________ (Signature(s)/ Thumb impression of the BLA holder(s)) PARTICULARS OF INVESTMENT Date of Issue Amount( ` ) Date of Repayment PARTICULARS OF NOMINEE Full name with expanded initials and address of the nominee Date of birth Relationship to holder STATUS Resident / NRI Particulars of Bank Account Floating Rate Savings Bonds, 2020 (Taxable) FORM OF NOMINATION [See Para 11(i)] ACKNOWLEDGMENT Authorised Official _____________________________________

4. Page 4 of 6 Government of India had introduced Floating Rate Savings Bonds, 2020 (Taxable)vide their notification No. F.No.4(10)-B(W&M)/202 0 dated June 26, 2020. The main features of the Scheme are as under: Category of Investor Resident Individual, HUF. Non-Resident Indians (NRI)s are not eligible to invest in these bonds. 1. Floating Rate Savings Bonds, 2020 (Taxable) Item Remarks Limit of investment Minimum ` 1000/- and in multiples of ` 1000/-. No maximum limit. 2. Date of Issue of bonds Date of receipt of subscription in cash (up to ` 20,000/- only), or date of realization of cheque /draft/ funds. --- 3. Forms of Bonds Electronic form held in the Bond Ledger Account. Bond Ledger Account will be opened by the Receiving Office in the name of investor/s. 4. Post Maturity Interest Post Maturity Interest is not payable. --- 6. Maturity period 7 years from the date of issuance. --- 10. Transferability The bonds are not transferable. Transferability is limited to nominee(s)/legal heir in case of death of holder. 12. Tradability / Advances The bonds are not tradable in the secondary market and also not eligible as collateral for availing loans. --- 13. Application forms Available at designated branches of SBI, 11 Nationalised Banks and 4 Private Sector Banks. --- 14. Premature redemption Facility is available to the eligible investors after Lock in period of 4, 5, and 6 years in the age bracket of 80 years and above, between 70 to 80 years and 60 to 70 years respectively Penalty charges @ 50% of last coupon payment. 11. Bank account It is mandatory for the investor/s to provide bank account details to facilitate payment of interest /maturity value directly to his/her/their bank account. --- 7. Tax benefits Income from the bonds is taxable. Tax will be deducted at source while interest is paid. If an exemption under the relevant provisions of the Income Tax Act,1961 is obtained, it may be declared in the Application Form. 8. Nomination Facility The sole Holder or all the joint holders may nominate one or more persons as nominee in accordance with the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulation, 2007, published in Part III, Section 4 of the Gazette of India dated December 1, 2007. --- 9. Interest (i) Interest is payable semi-annually from the date of issue of bonds, up to 30 th June / 31 st December as the case may be, and thereafter half-yearly for period ending 30 th June and 31 st December on 1st July and 1 st January respectively. (ii) The coupon rate payable for next half-year would be reset on 1 st January 2021 and thereafter, every 1 st July and 1st January. Half-yearly interest is payable on 1 st January / 1 st July. The coupon on 1 st January 2021 shall be paid at 7.15%. 5. INFORMATION FOR INVESTORS IN Floating Rate Savings Bonds, 2020 (Taxable) DUTIES OF INVESTOR/ APPLICANTS A) Please complete 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 for record. D) In case the application is on behalf of a minor, please submit the original birth certificate from the School or Municipal A uthorities for verification, together with an attested copy for record. E) Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of the bonds. 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 in the name of a minor. H) Please notify the change of address to Receiving Office immediately. I) POST MATURITY INTEREST IS NOT PAYABLE ON THESE BONDS. The interest and redemption proceeds will be credited on the due date as per bank details registered with us. J) Indicate your date of birth / age. K) Provide your correct bank account details for receiving payment through electronic mode. In case of closure/transfer of the bank account, the fresh details may be immediately intimated to the Receiving Office to avoid any inconvenience. L) Any information regarding tax applicability may be provided to the bank/branch.

2. Applicant Status* RESIDENT INDIVIDUAL HUF ON BEHALF OF MINOR POWER OF ATTORNEY HOLDER Investment Details* CREDIT TO EXISTING BLA No. _______________________ / OPEN A NEW BLA @ @- applicable only for first time investor Page 2 of 6 BANK PARTICULARS of the 1 st Applicant FOR PAYMENT OF INTEREST / REDEMPTION AMOUNT Account Holder Name: Branch Name / Address: Bank Name: Account No.: MICR Code of the Bank & Branch 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 numb er) Nominee details- Nomination Form (as applicable) may be filled and submitted along with the application form. Account Type* SB Current Declaration: I/We hereby declare and undertake that (i) the information furnished in this application form is correct and complete. If the t ransaction is delayed at all for reasons of incomplete or incorrect information, I would not hold the user institution responsible. (ii) I have read and understood the details of information for the investors as well as rights and duties of investors (copy attached).The agent/bank has explained the features of the scheme.(iii) I hereby agree to discharge the responsibility expected of me as a participant under the scheme. Declaration regarding Income Tax exemption, if any – (Please strike out if not applicable) I have obtained Income Tax exemption from Income Tax Authorities under the provision _______of the Income Tax Act, 1961 and am submitting a true copy of the certificate along with the application form. H.U.F. declaration (mandatory, if applicant is Karta of HUF) I,______________________________________,residing at the address given against First Applicant, do solemnly affirm that I am th e Karta of the Hindu Undivided Family and as such have full powers to deal in the Floating Rate Savings Bonds 2020 (Taxable), standing in the name of the HUF. Specimen signature for and on behalf of the HUF (name of the HUF) _____________________________ In case of thumb impression, attestation by two witnesses Date: ________________________________________________ Place: _______________________________________________ Date: ____________________________________ Place: _________________________________________________ Date, Bank Stamp & Signature of the authorized official of the Receiving Office Signature / Thumb Impression 2 nd Applicant Signature / Thumb Impression 1 st Applicant Signature / Thumb Impression 3 rd Applicant (Signature of the Karta with seal of HUF) 1 st Witness Name Address Signature 2 nd Witness Name Address Signature Mode of Holding* SINGLE JOINT ANYONE OR SURVIVOR LEGAL GUARDIAN Mode of Investment* CASH (up to Rs.20,000/- only) CHEQUE DEMAND DRAFT ELECTRONIC CREDIT For Cheque / DD Number: ____________________________________________ Dated: ________________________________________________ Drawn on Bank/branch: ______________________________________________________________________________________ Investment Amount (In figures) Rs. _____________________________________ (In words) Rupees ________________________________________ ________________________________________________________________________________________________________________________________

1. Information regarding Floating Rate Savings Bonds, 2020 (Taxable)- (i) The interest on the bonds is payable semi-annually with resetting of coupon rate every 01 January and 01 July. (ii) The bonds will be issued subject to the terms and conditions laid down in Government of India Notification No.F.No.4(10)- B(W&M)/2020 dated June 26, 2020. Instructions regarding filling up of the form- (i) Please fill the application form in all respects. Incomplete form is liable to be rejected. (ii) In fields with *mark, strike out whichever is not applicable. (iii) It is strongly recommended that the Nomination Form may also be filled in along with the Application Form, in order to av oid inconvenience later. Applicant Status* RESIDENT INDIVIDUAL HUF ON BEHALF OF MINOR POWER OF ATTORNEY HOLDER Investment Details* CREDIT TO EXISTING BLA No. _______________________ / OPEN A NEW BLA @ @- applicable only for first time investor APPLICATION FORM FOR FLOATING RATE SAVINGS BONDS, 2020 (TAXABLE) ANNEXURE 2 FORM ‘B’ Page 1 of 6 Application Number Applicant(s) Details [in block letters] 1 st Applicant / Sole Applicant Details Name in full: Date of Birth: Communication Address: Telephones (Mobile/Residence): Email Address: Communication Address: Telephones (Mobile/Residence): Email Address: Gender* Male Female D D M M Y Y Y Y PAN Number: Mother's maiden name : Guardian Details (To be filled in case of minor) Other Details Name in full: Relationship with Minor * Father Mother Legal Guardian Gender* Male Female Date of Birth: D D M M Y Y Y Y 2 nd Applicant Details Name in full: Date of Birth: Gender* Male Female D D M M Y Y Y Y PAN Number: 3 rd Applicant Details Name in full: Date of Birth: Gender* Male Female D D M M Y Y Y Y PAN Number: NAME OF THE BRANCH: ___________________________________________________________ Broker’s Name & Code Bank branch stamp Branch name & Code BLA Number Verified By Sub Broker’s Name & Code Date of receipt of Application (DD/MM/YYYY) Date of realization of funds (DD/MM/YYYY) Date of transfer to Link Cell (DD/MM/YYYY) Full Address of the Branch Any other information FOR OFFICE USE ONLY Mode of Holding* SINGLE JOINT ANYONE OR SURVIVOR LEGAL GUARDIAN Mode of Investment* CASH (up to Rs.20,000/- only) CHEQUE DEMAND DRAFT ELECTRONIC CREDIT For Cheque / DD Number: ____________________________________________ Dated: ________________________________________________ Drawn on Bank/branch: ______________________________________________________________________________________ Investment Amount (In figures) Rs. _____________________________________ (In words) Rupees ________________________________________ ________________________________________________________________________________________________________________________________

Views

  • 380 Total Views
  • 264 Website Views
  • 116 Embeded Views

Actions

  • 0 Social Shares
  • 0 Likes
  • 0 Dislikes
  • 0 Comments

Share count

  • 0 Facebook
  • 0 Twitter
  • 0 LinkedIn
  • 0 Google+

Embeds 3

  • 9 securityinvestments.in
  • 1 www.securityinvestments.in
  • 2 securityinvestments.co.in