RBI/2013-14/534
DGBA.CDD.No. 5449/13.01.999/2013-2014
March 26, 2014
The Chairman & Managing Director
Head Office (Government Accounts Department)
State Bank of India & Associate Banks
All Nationalised Banks
ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and
Stock Holding Corporation of India Ltd. (SHCIL)
Dear Sir/Madam,
Inflation Indexed National Savings Securities- [IINSS-C]
Please refer to our circulars DGBA.CDD.No.3688/13.01.999/2013-2014 dated December 19, 2013 and DGBA.CDD.No. 3798/13.01.999/2013-2014 dated December 30, 2013 on the captioned subject.
2. Government of India has vide their Notification dated March 25, 2014 notified that the maximum limit for investment in Inflation Indexed National Savings Securities- Cumulative has been increased to Rs. 10 lakh per annum for eligible individual investors and Rs. 25 lakh per annum for Institutions such as HUFs, Charitable Trusts, Education Endowments and similar institutions which are not pro-profit in nature. The subscription will close on March 31, 2014. The other terms and conditions of the Notification dated December 19, 2013 shall remain unchanged.
3. You may urgently bring this to notice of all your branches.
Yours faithfully,
Dharmendra Bagada
(Manager)
______________
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, Dated March 25, 2014
NOTIFICATION
Inflation Indexed National Savings Securities – Cumulative – 2013
No. F 4(16)-W&M/2012: The Government of India hereby notifies that the maximum limit for investment in Inflation Indexed National Savings Securities – Cumulative has been increased to Rs.10 lakh per annum for eligible individual investors and Rs.25 lakh per annum for institutions such as HUFs, Charitable Trusts, Education Endowments and similar institutions which are not pro-profit in nature. The subscription will close on March 31, 2014. The other terms and conditions of the Notification dated December 19, 2013 shall remain unchanged.
By Order of the President of India
(Dr. Rajat Bhargava)
Joint Secretary to the Government of India
CAclubindia
