DUTIES OF INVESTOR/ APPLICANTS
a) Please fill up the application in all respects.
b) Incomplete applications are liable to result in delay of issue of the securities (at the cost of the investor).
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.
d) In case the application is on behalf of a minor, please submit the original birth certificate from the School or
Municipal Authorities for verification, together with an attested copy.
e) Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of an IINSS-
C Bond.
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 on behalf of minor.
h) Please notify the change of address immediately.
i) POST MATURITY INTEREST IS NOT PAYABLE AFTER DATE OF MATURITY. HENCE PLEASE OBTAIN
REDEMPTION PROCEEDS ON THE DUE DATE.
j) Indicate your date of birth/age.
k) Provide your bank account details for receiving payment through Electronic mode
l) Any information regarding tax applicability may be provided to the bank/branch.
RIGHTS OF THE INVESTOR
a) The Bond (Certificate of Holding) will be issued on the day receipt of funds/realization of cheque/draft.
b) The interest on the bond compounds half-yearly. The redemption proceeds (principal and interest) will be
credited to the bank account of the holder directly, as per the details provided by him/her in the application
form.
c) Maturity intimation advice will be issued one month before the due date of the bond.
d) Facility for payment of interest and principal by 'demand draft free of cost or at par cheques' for is available.
e) The facility of intra-bank branch and inter bank branch transfer of the bonds is available.
f) Application forms for investments, redemption, NECS/NEFT Mandate, etc. in respect of IINSS-C Bonds are
available on the website at www…………com (Banks and SHCIL website).
g) A sole holder or all the joint holders may nominate one or more nominees to the rights of the bonds. Non-
resident Indians can also be nominated
h) The nomination will be registered at the Office of Issue and a Certificate 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 ten years from the date of investment, unless applied for premature
redemption as applicable.
l) The investor is entitled to receive repayment amount within five clear working days from the date of tender of
acquaintance.
m) To avoid delay in receipt of interest/redemption proceeds applicants may indicate his choice, for availing of half
yearly interest/redemption proceeds through NECS/NEFT/ RTGS or direct credit to the bank account.
n) Investors are entitled for compensation for delayed payments at the rate decided by RBI (in respect of Relief
and Savings bonds) vide their circulars issued from time to time.
In case the bank does not comply with the above, you may lodge a complaint in writing in to the nearest office of
Reserve Bank of India as under:
THE REGIONAL DIRECTOR,
RESERVE BANK OF INDIA,
CUSTOMER SERVICE DEPARTMENT/
BANKING OMBUDSMAN
(LOCATION)
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YOU MAY ALSO ADDRESS YOUR COMPLAINT TO:
THE CHIEF GENERAL MANAGER IN-CHARGE
DEPARTMENT OF GOVERNMENT AND BANK ACCOUNTS
CENTRAL OFFICE
BYCULLA, OPP. BOMBAY CENTRAL RAILWAY STATION
MUMBAI-400 008, MAHARASHTRA