7.75% Savings (Taxable) Bonds, 2018 – Amendments


January 08, 2018

The Chairman & Managing Director
State Bank of India & 18 Nationalised Banks
Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd.,
Stock Holding Corporation of India ltd.(SHCIL)

Dear Sir/Madam,

7.75% Savings (Taxable) Bonds, 2018 – Amendments

Please refer to our Circular RBI/2017-18/114 IDMD.CDD.No.1671/13.01.299/2017-18 January 03, 2018, informing you about the issuance of 7.75% Savings (Taxable) Bonds, 2018 with effect from January 10, 2018 in terms of GoI notification F.No.4(28) – W&M/2017 dated January 03, 2018.

2. The GoI, has now issued a revised Notification F.No.4(28) – W&M/2017 dated January 08, 2018 (copy attached), notifying amendments to their original Notification dated January 03, 2018, the contents of which are self-explanatory. Receiving Offices may take note of these amendments while accepting subscriptions under the Scheme.

Yours faithfully

(Shyni Sunil)
Deputy General Manager

Encls: As above

Source: RBI Notification

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