UCO Bank : Download Application Form For IINSS-C
Name of the Organisation : UCO Bank (ucobank.com)
Type of Facility : Download Application Form For IINSS-C
Location : Kolkata
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Website : http://www.ucobank.com/
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Application Form For Inflation Indexed National Savings Security (IINSS-C) :
Information For Investors :
Government of India has introduced Inflation Indexed National Savings Security-Cumulative (IINSS-C) vide their Notification F.No. 4(16) W&M/2012 dated December 19, 2013.
The main features of the Scheme are as under :-
|
Item |
Inflation IndexedNational Savings Security–Cumulative |
Remarks |
|
1) Category of Investor |
Individual, HUF, University,Charitable Institution. |
Non resident Indians are not eligible to invest in these bonds |
|
2) Limit of investment |
Minimum`5,000/–and Maximum investment `5,00,000/-per investor per annum |
|
|
3)Date of Issue of bonds |
Date of receipt of funds/realization of cheque/draft |
|
|
4)Forms of Bonds |
Demat |
Bond Ledger Account (BLA) |
|
5)Interest Option |
Cumulative i.e. interest is pay able atthe time of maturity |
Half–yearly interest compounding |
|
6) Post Maturity Interest |
Post Maturity Interest is not payable |
|
|
7)Bank account |
It is mandatory for the investors to provide bank account details to facilitate payment of interest/maturity value |
|
|
8)Nomination Facility |
The sole Holder or all the jointh olders may nominate one or more persons as nominee |
Including NRIs |
|
9) Maturity period |
After 10 years |
|
|
10)Premature redemption |
After one year from date of issue for senior citizen i.e 65 years and above of age,and for all others after three years. |
Penaltycharges@50%oflastcoupon payment. Allowed only on coupon dates. |
|
11)Transferability |
Limited to nominee(s) on death of holder (only for individuals). |
|
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12)Loans from banks against the security of these Savings bonds |
The holders of the said securities shall be entitled to create pledge ,hypothecationor lien in favour of scheduled bank,FIs, NBFCs. |
|
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13)Application forms |
Branches of SBI and Associatebanks,20 Nationalised banks,3PrivateSectorbanks viz.HDFC Bank Ltd.,ICICI Bank Ltd.and Axis Bank Ltd.,and Stock Holding Corporation of India Ltd. |
|
Duties Of Investor/ Applicants :
a) Please fill up the application in all respects.
b) Incomplete applications are liable to result in delay of issue of the securities (at the cost of the investor).
c) In case the application is submitted by a Power of Attorney (POA) holder, please submit original POA for verification, along with an attested copy.
d) In case the application is on behalf of a minor, please submit the original birth certificate from the School or Municipal Authorities for verification, together with an attested copy.
e) Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of an IINSSC Bond.
f) In case nominee is a minor, please indicate the date of birth of the minor and a guardian can be appointed.
g) Nomination facility is not available in case the investment is on behalf of minor.
h) Please notify the change of address immediately.
I) Post Maturity Interest Is Not Payable After Date Of Maturity. Hence Please Obtain Redemption Proceeds On The Due Date.
j) Indicate your date of birth/age.
k) Provide your bank account details for receiving payment through Electronic mode
l) Any information regarding tax applicability may be provided to the bank/branch.
Rights Of The Investor :
a) The Bond (Certificate of Holding) will be issued on the day receipt of funds/realization of cheque/draft.
b) The interest on the bond compounds half-yearly. The redemption proceeds (principal and interest) will be credited to the bank account of the holder directly, as per the details provided by him/her in the application form.
c) Maturity intimation advice will be issued one month before the due date of the bond.
d) Facility for payment of interest and principal by ‘demand draft free of cost or at par cheques’ for is available.
e) The facility of intra-bank branch and inter bank branch transfer of the bonds is available.
f) Application forms for investments, redemption, NECS/NEFT Mandate, etc. in respect of IINSS-C Bonds are available on the website at www…………com (Banks and SHCIL website).
g) A sole holder or all the joint holders may nominate one or more nominees to the rights of the bonds. Nonresident Indians can also be nominated
h) The nomination will be registered at the Office of Issue and a Certificate of Registration will be issued to the holder.
i) The nomination can be varied by registering a fresh nomination.
j) The existing nomination can be cancelled by a request to the Office of Issue.
k) The redemption is due on expiry of ten years from the date of investment, unless applied for premature redemption as applicable.
l) The investor is entitled to receive repayment amount within five clear working days from the date of tender of acquaintance.
m) To avoid delay in receipt of interest/redemption proceeds applicants may indicate his choice, for availing of half yearly interest/redemption proceeds through NECS/NEFT/ RTGS or direct credit to the bank account.
n) Investors are entitled for compensation for delayed payments at the rate decided by RBI (in respect of Relief and Savings bonds) vide their circulars issued from time to time.
In case the bank does not comply with the above, you may lodge a complaint in writing in to the nearest office of Reserve Bank of India as under :
The Regional Directodirector,
Reserve Bank Of India,
Customer Service Department/
Banking Ombudsman (location)
You May Also Address Your Complaint To :
The Chief General Manager In-charge
Department Of Government And Bank Accounts
Central Office
Byculla, Opp. Bombay Central Railway Station
Mumbai-400 008, Maharashtra
Download Application Form Here :
https://www.indianjobtalks.in/uploads/24169-IINSS.pdf