8% Savings Bonds

You can apply for the 8% Savings (Taxable) Bonds if you are:

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

A Hindu Undivided Family

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

A 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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