Early Repayment/Redemption of Inflation Indexed National Savings Securities-Cumulative, 2013
The Reserve Bank of India (RBI) has announced the early repayment/redemption of the Inflation Indexed National Savings Securities-Cumulative, 2013 (IINSS-C).
The IINSS-C was issued in 2013 with a maturity period of 10 years. However, due to the changes in the inflation scenario, the RBI has decided to repay the securities ahead of schedule.
Key Features:
The early repayment/redemption will be made on December 23, 2022.
The repayment amount will include the principal and the accrued interest up to the date of repayment.
The interest will be calculated up to December 22, 2022, and the repayment amount will be credited to the investors’ bank accounts.
No interest will accrue on the securities after December 22, 2022.
Investors who have purchased the securities through Demat mode will receive the repayment amount in their Demat accounts.
The early repayment/redemption is being made in accordance with the terms and conditions of the IINSS-C issue.
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Download: Inflation Indexed National Savings Securities – Cumulative, 2013 – Early repayment/redemption