Features of the bond :
| Issuer | Government of India |
| Cut Off Price / Yield | In case of Uniform Price Auction, bids at minimum discounted price determined at the auction, irrespective of bid prices tendered. In case of Multiple Price Auction, bids up to minimum discounted price determined at the auction, at bid prices tendered at the auction. Bids at offer prices lower than the cut off price will be rejected in case of both uniform and multiple price auctions. |
| Cost of Security | Cut Off Price + Commission/Brokerage (0.06 per Rs 100) |
| Risks Attached | Interest Rate Risk |
| Minimum Investment (Face Value) | Rs 10,000/- |
Eligibility for Investment:
The Bonds may be held by –
(i) An individual, not being a Non-Resident Indian
(ii) A Hindu Undivided Family
Mode of application