Hudco Tax Free Bond update 2022

How the redemption amount will be paid on maturity date?

The redemption amount shall primarily be paid through NACH (National Automated Clearing House) or any other electronic mode of payment to all the Bondholders (Physical and Demat) subject to availability of complete bank account details including the bank account number, IFSC Code, Magnetic Ink Character Recognition (“MICR”) code.

For Bonds applied or held in electronic form:

The bank details will be obtained from the Depositories for payments. Investors who have applied or who are holding the Bond in electronic form, are advised to immediately update their bank account details as appearing on the records of their Depository Participant.

For Bonds held in physical form

(The Original Bond Certificate is NOT required to be surrendered for receiving redemption amount)

The bank details will be obtained from the Registrar to the Issue for effecting the payments and therefore the bondholder may ensure that the bank account details available in records are complete as well as correct.

No interest will be accrued/ payable on these HUDCO Bonds after the Maturity Date.

How to update Bank Detail & Address?

For Bonds held in physical form

The Bank Account details can be updated with RTA, KFin Technologies  Private Limited (“KFin”) by providing a duly signed request letter along with a cancelled cheque* and mentioning the beneficiary PAN number, folio number and ISIN No. on the request letter

Note - (* The cancelled cheque is required, to make direct electronic payment of maturity amount to your bank account. However, you need to keep the bank account active failing which the direct credit will not be successful. Also, while cancelling the cheque, please ensure not to strike or overwrite on the account number or IFSC Code)

Kindly attach authenticated identity and address proof viz., self-attested Voters‟ ID/ Passport/ Aadhar Card/ Latest Bank Statement or Passbook (not older than 3 months and 1st page copy) / Latest Electricity Bill or Landline Telephone Bill (not older than 3 months) / duly attested Gazette notification copy or attested Marriage Certificate along with signature by Bank Manager and PAN card copy.

Providing the correct details/ information with respective self-attested supporting document(s) as mentioned aforesaid.

For updation of Bank Account details and/or name and/or address, the bondholder may write to our RTA- KFin Technologies Private Limited (Unit: HUDCO Bonds), Selenium Tower B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500032, Telangana, India, Or Visit nearest KFIN Tech Office

FOR DEMAT BONDHOLDER(S):

Respective Depository Participants may be approached for Demat Account activation, Bank account or any other updation to enable us to transfer amount on the maturity date.

HUDCO Tax Free Bonds Details - 2011-12

HUDCO Tax Free Bonds -2011-12

HUDCO Tax Free Bonds Details - 2012-13

HUDCO Tax Free Bond - 2012-13

HUDCO Tax Free Bonds Details - 2013-14

HUDCO Tax Free Bond- 2013-14

Registrar for Bond

KFin Technologies Private Limited (Unit: HUDCO Bonds), Selenium Tower B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500032, Telangana, India

Also read: 54EC capital gain tax bonds