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Bonds - Who can invest in the RBI Relief Bonds?

The following can invest in RBI Bonds:

  • An individual in his or her name or on behalf of a minor, or jointly with one or more individuals.
  • A Hindu Undivided Family.
  • A Non-Resident Indian (without the right of repatriation of principal).
  • Government Promissory Notes can also be issued on anyone or survivor basis.
  • Bonds can be held by a minor with one or more major individual/s (including a minor).