U.S.Dollar Investment Bond

Introduced:2002

a. Rate of Profit:

	Encashment	Interest payable
(a)	Within one year from the date of issue	No interest
(b)	After completion of one year but within 2 years	5.5%
(c)	After completion of 2 years but within 3 years	6%
(d)	After completion of 3 years	6.5%

b. Payment of Interest: Interest is payable in US Dollar.

c. Half yearly payment of profit: Every after six months profit is payable @ 6.5%, If invested amount is withdrawn before maturity profit is payable @ 5.5% for the 1st year and @ 6% for the 2nd year. If any additional profit is given shall be deducted from the Principal amount.

d. Payment of Principal Amount: Payable in US dollar.

e. Maturity Period: Three years.

f. Denomination: US $500:1,000:5,000,10,000 and 50,000.

g. Mode of payment: Payment for the purchase of a Bond may be made by any of the following methods namely

• Cheque or Draft in foreign currency received against inwarfd Foreign exchange remittance
• Funds held in non-resident foreign currency account of the applicant.

h) Investors of one Million US Dollar and above shall be treated as CIP.