All
Scheduled Banks / NBFIs
Dear
Sirs,
Amendment
in Special US Dollar Bonds Rules 1998
Please refer to EDMD Circular
No. 03 dated 22nd March 2002 on the captioned subject whereby
Rupee Redemption Bonus of 5 % on maturity of three years Special
US Dollar Bonds for encashment in Pak Rupees was withdrawn.
In this regard, for facilitating the general
public, the following clarifications are being made, in consultation
with the Finance Ministry:-
1. SUSDBs (3 yrs maturity) that matured during
the period from 11th August 2001 to 22nd March 2002, and redeemed
in Pak Rupees, are entitled to Rupee Redemption Bonus of 5%,
irrespective of the date on which they are presented for encashment.
2. SUSDBs (3 yrs maturity) sold during the
period from 11th August 2001 to 22nd March 2002 would be entitled
to Rupee Redemption Bonus of 5%, on maturity. This would mean
that the holders of SUSDB’s of three years maturity
sold during the period form 11th August 2001 to 22nd March
2002, and redeemed in Pak Rupees on maturity, would be entitled
for Rupee Redemption Bonus of 5% on maturity i.e. during the
period 11th August 2004 to 22nd March 2005 (only if redemption
is made in Pak rupees on maturity).
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