(i) after one year of holding if he\/she is a senior citizen (over 65 years of age)<\/p>\n

(ii) after 3 years of holding in all other cases,<\/p>\n<\/blockquote>\n

subject to deduction of penalty at the rate of 50% of the last coupon payable. The early redemption is allowed only on coupon date.<\/p>\n

2. In this regard, keeping in view the problems being faced by the investors and the Agency banks, it has been decided that repayment\/early redemption of IINSS-C may be kept open till the next coupon date and the premature repayment\/early redemption requests can be entertained by the Agency banks on any day after the coupon date, subject to the penalty of 50% of last coupon. However, no interest would be paid for the period between the coupon date and the date of the repayment.<\/p>\n

Yours faithfully,<\/p>\n

(R. K. Singh)
Deputy General Manager<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"