Nomination Facility for Relief/Savings Bonds
The Reserve Bank of India has issued a master circular regarding the nomination facility for Relief/Savings Bonds.
Key Points:
Nominations should be made before the maturity of the bond.
There are exceptions to this rule, which are not specified in the circular.
Nominations can be cancelled, but the process for doing so is not outlined in the circular.
The circular aims to provide clarity and guidance on the nomination facility for Relief/Savings Bonds, ensuring that investors are aware of the rules and procedures surrounding this facility.
Chat with the Master Circular:
Download: Master Circular on Nomination facility for Relief/Savings Bonds