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Eligibility |
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The following persons and institutions can apply for these bonds:
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An Individual, not being a Non Resident Indian
- In his or her individual capacity or
- In individual capacity on joint basis or
- In individual capacity on anyone or survivor basis or
- On behalf of a minor as father/mother/legal guardian
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A Hindu Undivided Family
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A Charitable Institution
- "Charitable Institution" to mean a company registered under Section 25 of Indian Companies Act 1956 or
- An institution which has obtained Certificate of Registration as a Charitable institution in accordance with a law in force or
- Any institution which has obtained a certificate from an Income Tax Authority for the purpose of Section 80 G of the Income Tax Act, 1961
- Any institution notified by the Central Government under clauses (ii) or (iii) of Sub-Section (1) of Section 35 of Income Tax Act, 1961
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"University". By university, it means a university established or incorporated by a Central, State or Provincial Act, and includes an institution declared under Section 3 of the UGC Act, 1956 (3 of 1956), to be a university for the purposes of that Act.
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| Get in touch |
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