• Application in pre-printed form may be used for obtaining payment on redemption. Neverthless, application on a plain paper will also be accepted (a standard application form is given below). Please fill in all the details in CAPITAL LETTERS. Give your address (with PIN code), Bank account details (i.e A/c no, A/c type, Bank, Branch address), Income Tax PAN/GIR number etc in your application.Your Tel. No, e-mail Id, if any, may also be indicated for faster communication.

• Your application (in prescribed form or on a plain paper) duly signed by all the holders, should be accompanied by discharged bond certificate (s) and Form 15 H in duplicate (if applicable).

• For discharging the bond affix Re 1/- revenue stamp on the back-side of the bond certificate (any convenient place will do). First holder to sign across the revenue stamp and second and third holders, if any, to sign just below that (they need not sign on revenue stamp). In case the first holder is a minor then the guardian should sign on minor’s behalf. Similarly in case your signature has changed over a period of time kindly get the same attested (Please see instruction at Sr No 8).

• Tax will be deducted at source. Form 15 H (in duplicate) to be attached to the application in case you seek payment without deduction of tax at source. Fill in all the details on page one of Form 15 H (i.e. Folio No, name, address, only table III and other details). First holder (or guardian) to sign at two placesmarked "X" on the 15 H form. Forms 15 H submitted after the Call Option/ redemption date will not be entertained. TDS certificate, in form 16 A, would be issued to you.

• A separate set of all these documents to be sent for each folio No.

• Bank account details would be printed on the redemption warrant. As the warrants would be in the name of first holder, please ensure that the bank account details of the first holder are furnished. In case first holder is a minor an account will have to be opened in the minor’s name and details thereof furnished.

• In case of change of status of the holder (due to say marriage or minor becoming major etc) furnish duly attested documentary evidence (such as marriage certificate, birth certificate etc). The signature of the bondholder, in such cases, will need attestation too.

• Certificates/signatures may be attested under their seal/ stamp either by Judicial Magistrate or SEM or Notary public or Gazetted Officer or officer of IDBI or officer from any Public Sector Bank, Scheduled Commercial Bank, Scheduled Co-operative Bank or Officer from IDBI Bank Ltd..

• In case the bondholder is a donee, his signature would also need attestation from any of the officials indicated at No 8 above. In case the donee is a minor the guardian would discharge the bond (his signature would need attestation too).

• In case of the death of the sole bondholder, the executors or administrators of the deceased sole holder of the bond (whether Hindu, Mohammedan, Parsi or otherwise) or the holder of the succession certificate issued under Part X of the Indian Succession Act, 1925 (39 of 1925) in respect of the bond shall be the only person (s) who may be recognised by IDBI as having title to the bond. Notwithstanding anything contained in Section 45 of the Indian Contract Act 1872 (9 of 1872), in case of a bond issued, sold or held payable to two or more holders, thesurvivor(s) and on the death of last survivor, his executors, administrators or any person who is the holder of the succession certificate in respect of such bond shall be the only person who may be recognised to have a title to the bond.

• If the bond is held by individuals jointly on either or survivor basis, or first holder or survivor basis, or any one or survivor basis, the payment shall be made to the first person named in the bond or as per the mandate given by the survivors if payable to either or survivor, or anyone or survivor.

• Redemption amount would be paid to all the bondholders after necessary tax adjustment/ payment/ deduction as applicable under Income Tax act 1961. As regards tax treatment the Central Board of Direct Taxes has, vide letters dated 12.3.1996 and 26.3.1998, clarified that “ the difference between the issue price and the redemption price of Deep Discount Bonds will be treated as interest income, assessable under Incone Tax Act, 1961. On transfer of bonds before maturity, the difference between sales consideration and the issue price will be treated as capital gain/loss if the assessee purchased them by way of investment. However, in case of an assessee who deals in purchase and sale of bonds, securities etc., the profit and loss shall be treated as trading profit or loss. TDS would be deducted on the interest component at 10.2% for individuals/ HUF and at 20.4% in case of Corporates.

• NRI investors may please note that RBI has granted permission for these bonds only on on-repatriable basis. Investors will have to furnish a mandate for crediting the proceeds of the bonds to their NRO bank account in India (give full details of branch, address etc). Also furnish residential address (with PIN Code) in India where the warrants can be dispatched. Furnishyour e mail address for faster communication.

• The bondholders may note to forward their applications by post or by hand delivery to the Registrars or to any of the offices of IDBI (between 10.00 am to 3.00 pm Monday to Friday).

Date:______________

(PLEASE FILL IN ALL THE DETAILS IN CAPITAL LETTERS)

Dear Sir,

            I am enclosing the captioned bond certificate/s (______ No/s Certificate/s) for redemption. My address for further communication, bank a/c details and other particulars are as follows:

Following documents are also enclosed ( Tick wherever applicable):

Forms 15H* in duplicate   (   ).   Birth/ Marriage/ Death  Certificate   (   ).

We request you to pay the redemption proceeds at the earliest.

Yours faithfully,

Total No of Documents attached: ______

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