Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post || NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute || NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt || NCLAT: SEBI Penalties Imposed After Liquidation Begins are Not Admissible as Claims || NCLT Reiterates That an Auction Purchaser is Not Liable For a Corporate Debtor’s Electricity Dues || Delhi HC Upholds Interim Injunction Against 'Power Flex' in Bata’s Trademark Infringement Case || Calcutta High Court: Mere Presence of Alcohol in Post-Mortem Cannot Bar Compensation to Heirs || Kerala High Court: Review Petition Cannot Be Entertained Against an Order Refusing Arbitration || J&K High Court: Umadevi Judgment Does not Justify Perpetual Temporary Employment || SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants

Cessation of 7.75% Savings (Taxable) Bonds, 2018- (Reserve Bank of India) (27 May 2020)

MANU/IDMC/0003/2020

Banking

1. Government of India has vide Notification F.No.4(28)-(W&M)/2017 dated May 27, 2020 announced that the 7.75 percent Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of business on Thursday, the 28th of May, 2020.

2. All the Receiving Offices are advised to take note and communicate the same to their branches/dealing officers. Only such applications where funds have been realised by your branches by May 28, 2020 may be processed and the same shall be reported to CAS Nagpur within permissible limit of T+3 days (no later than June 1, 2020).

Tags : SUBSCRIPTION CESSATION BONDS

Share :