Leadercare
CLOSE X
bond-image
  • Issue Name
  • Features
    8% Savings Bonds (Taxable), 2003
    Maturity Period 6 years
    Rate of Interest 8.0% per annum (Taxable)
    Minimum Investment Rs. 1,000/-
    Maximum Investment Unlimited in multiples of Rs.1,000/-
    Collateral Facility Available
    Overall Liquidity Not tradable
    Date of Issue Date of realization of the funds
  • Eligibility

    The Bonds may be held by - An individual, not being a Non-Resident Indian,in his or her individual capacity, or in individual capacity on joint basis, or in individual capacity on anyone or survivor basis, or on behalf of a minor as father/mother/legal guardian.

    A Hindu Undivided Family.

    Charitable Institution to mean a Company registered under Section 25 of the Indian Companies Act 1956.

    An institution which has obtained a Certificate of Registration as a charitable institution in accordance with a law in force.

    "University" means a university established or incorporated by a Central, State or Provincial Act, and includes an institution declared under section 3 of the University Grants Commission Act, 1956 (3 of 1956), to be a university for the purposes of that Act.

  • Interest

    The Bonds will bear interest at the rate of 8% per annum. Interest on non-cumulative Bonds will be payable at half-yearly intervals from the date of issue or interest on cumulative Bonds will be compounded with half-yearly rests and will be payable on maturity alongwith the principal, as the subscriber may choose. In Cumulative Bonds the maturity value of the Bonds shall be Rs.1601.00 (being principal and interest) for every Rs.1,000/-(Nominal).

    Interest to the holders opting for non-cumulative Bonds will be paid from date of issue upto 30th September/ 31st March as the case may be and thereafter half-yearly for period ending 1st October/ 1st April. Interest on Bonds in the form of "Bonds Ledger Account" will be paid, by cheque /warrant or through ECS by credit to bank account of the holder as per the option exercised by the investor/holder

  • Tax

    Tax Deduction at Source: Tax will be deducted at source while making payment of interest on the non-cumulative Bonds from time to time and credited to Government Account. Tax on the interest portion of the maturity value will be deducted at source at the time of payment of the maturity proceeds on the cumulative Bonds and credited to Government Account.

    However, tax will not be deducted while making payment of interest/maturity proceeds as the case may be, to institutions which have made a declaration in the application form that they have obtained exemption from tax under the relevant provisions of the I.T.Act and have submitted a true copy of the certificate obtained from I.T. Authorities.

    Tax Treatment: Income-tax: Interest on the Bonds will be taxable under the Income-tax Act, 1961 as applicable according to the relevant tax status of the Bonds holder. Wealth tax: The Bonds will be exempt from Wealth-tax under the Wealth tax Act, 1957

  • Nomination

    This facility will be available for Individual investment for sole holder or surviving holder basis.

    This facility will not be available for joint holdings and minor investment.

  • Other Details

    The Bonds shall not be tradable in the secondary market and shall not be eligible as collateral for loans from banks, financial Institutions and Non Banking Financial Company (NBFC) etc.

HEAD OFFICE Leader Care A-507/8 Navratna Corporate Park, Ashok Vatika Bopal-Ambli Road, Ahmedabad-380058
DISCLAIMER

Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objective of the Scheme will be achieved. Past performance of the Sponsor/AMC/Fund or that of any scheme of the Fund does not indicate the future performance of the Schemes of the Fund. Please read the Key Information Memorandum and the Offer Document carefully before investing.

  • INSURANCE DISCLAIMER - Insurance is a subject matter of solicitation
  • ARN Number - 11439
  • IRDAI Licence Number - AGQ0127782

Copyright © 2019Leader CareAll rights reserved

Designed, Developed & Content Powered by Accord Fintech Pvt. Ltd.