SBI Bonds Issue

by Manshu on October 14, 2010

in Fixed Deposits

Click here to read about the latest bond issue which will open on February 21st 2011.

SBI Retail Bonds are the latest offering from SBI which is coming up with a bond issue that opens on 18th October and closes on 25th October. This is the second big bond issue this month with the IDFC issue still running.

A lot of people will be comparing the SBI bond issue to the IDFC one, so let me say upfront that they’re quite different in one key aspect which is the tax savings. The IDFC bond issue was an infrastructure bond under Section 80CCF, and could get your taxable income reduced by up to Rs. 20,000.

The SBI retail bonds are not covered under this, so you won’t get any 80CCF benefits. Now let’s look at some of its main features.

Interest rate on SBI Bonds

There are two series of SBI Bonds – Series 1 Lower Tier II Bonds gets you an interest rate of 9.25%, and has a tenor of 10 years, and the Series 2 Lower Tier II Bond has an interest rate of 9.50%, and a tenor of 15 years.

This compares quite favorably to the fixed deposit rates SBI offers as the SBI fixed deposit interest rates for 5 – 8 years is 7.50%, and more than 8 years is 7.75%. These bonds are not covered under deposit insurance since they are not fixed deposits, and are not redeemable at the option of the bondholders.

There is a call option or redemption with SBI according to which they can redeem the series 1 bonds after 5 years, and series 2 bonds after 10 years. If they don’t do that then the interest rate will rise by 0.50%.

Demat account is compulsory for investing in SBI Bonds

You need a demat account to invest in these SBI bonds, and your bonds will be held in dematerialized form. If you don’t have a demat account and wish to invest in them then you will have to open a demat account fairly quickly.

Tax implications of the SBI Retail Bond

SBI Retail Bonds are different from the IDFC bonds in the sense that they are not covered under section 80 CCF, so there won’t be any reduction from your taxable income because of investment in this bond.

The interest from these bonds will be treated as income that gets added to your other income and you will pay tax on it accordingly.

SBI Bonds to be listed on NSE

These bonds will be listed on the NSE, and as far as I could understand you will be able to freely trade the bonds even within the 5 year period. So you could hold the bond till maturity or sell it on the exchange if a market develops for it. The prospectus states that all formalities to list the bond will be completed within 30 days of date of closure, so the bonds will be listed on the exchange to buy and sell fairly soon.

When will the interest be paid on the SBI bonds?

The interest on both the series of SBI bonds will be paid out on April 2 of every year.

What is the minimum application size on the SBI bond?

The minimum amount you need to invest in these bonds is Rs. 10,000, you can subscribe in multiples of Rs. 10,000 after that.

How do these SBI Retail Bonds compare with fixed deposits?

Quite favorably because of the higher interest rate and option of listing on NSE. People are expecting these retail bonds to over-subscribe, so let’s see how it goes.

These were some important points about the SBI retail bonds that’ll help you make a decision whether they are right for you or not. If you have any other questions, please leave a comment, and I’ll try to answer them.

Click here to read about the latest bond issue which will open on February 21st 2011.

{ 92 comments… read them below or add one }

Ameet October 14, 2010 at 8:17 pm


Can these bonds can be kept as security against a loan taken? Or is that solely at the discretion of the loan disbursing bank?

Thanks in advance


Manshu October 15, 2010 at 3:17 am

The terms of the issue in the prospectus state that the bank shall not grant any loans against these bonds. Here is what it says:

In accordance with the RBI guidelines applicable to the Bank, it shall not grant loans against the security of the Bonds.


Kailash C. Suri October 14, 2010 at 10:42 pm

whether interest income from SBI Bonds will be taxable or not.


Manshu October 15, 2010 at 3:13 am

Yes, interest income will be taxable.


S.K.Chattopadhyay October 14, 2010 at 11:16 pm

What about TDS on SBI Bonds?


Manshu October 15, 2010 at 3:13 am

Since this is going to be issued in dematerialized form, and listed on the stock exchange, there won’t be any TDS on it.


lakshmikumar.s October 15, 2010 at 3:12 am

i want to know if i leave the bond amount inthe demat a/c&withdraw after 1-year or 2-yrs wihout opting for interest payment will there be any appreciation in the amount.where will sbi invest the bond amt?in the market?kindly answer.


Manshu October 15, 2010 at 3:27 am

Well, the interest will be paid out to you, so I don’t think you can opt out of getting it. Since the bond is going to trade on NSE, you can sell it there and the price you get should ideally reflect the unearned interest payments.

The bond issue is to strengthen the Tier II capital of SBI, and I read that the amount is small (for SBI) because they are experimenting with bonds that can be listed in NSE. I really do not know where they’re going to invest that money.


Monu October 15, 2010 at 5:23 am

Whether the Bond will list at a premium because as per Bond Valuation theory Bond Value is a function of interest rate. So they are offering 9.5% which is 2% higher than the rate offered on FDs by Banks so we will get 2% higher for 10 years, which if we discount it @7.5% we will see its present value comes to around Rs 14 per 100. So I expect the bond to list @ 14% premium. So can anyone advise me whether I am write or wrong, because I have never invested in Nonds before.


Arun October 15, 2010 at 7:12 am

Hi Monu,

Your basic logic is correct. However FD are covered under deposit insurance while these bonds are not and this makes bonds more risky thus coupon rate has to be higher. In my opinion you will not get more than 2-3% listing gain on these bonds. Same happened with Sriram Transport NCDs (new ones) in May.



Sumanth October 19, 2010 at 4:00 am

Dont compare with Shriram (risk levels differ). Companies in SBI league should not offer more than 8-8.5%. So the 7-12% listing premium is for sure within the 10-15yr schemes.


Arun October 19, 2010 at 4:29 am

I agree Sumanth that risk level is different in SBI and Shriram but Shriram coupon rate was 10+. 8/8.5% one can get in 5 Yr FD which is insured. Hence 9.25/9.5 is not too high. I will be surprised if we get more than 2% listing gain.



Sumanth October 19, 2010 at 5:03 am

Bond theory states use comparable discounting rate. Shriram is not comparable to SBIN – due to risk levels. Shriram will have a discounting rate ~10 – note blue chips were raising money at 13-14% also a year back.
Am not sure how much SBI gives in deposits – but simple bond tenets – longer the life of the bond more impact on price & so with the the coupon> discounting rate: both in this case.


yh October 18, 2010 at 12:01 am

Hi Monu

You’ re almost there. SBI bonds will definitely list at a premium……My guess is a premium of 10% at least.



mohan6555 November 7, 2010 at 10:03 am

i agree with u,tata capital ncd quote with 10 to 14% premium.and i feel tata cap and sbi or in same some what inferior to sbi


Saurabh Aggarwal October 15, 2010 at 5:32 am

Hi , please check the prospectus , it clearly states that tds is applicable over the interest amount of Rs. 2500 , and will deduct in same manner as in case of fixed deposit


Monu October 15, 2010 at 5:37 am



Manshu October 15, 2010 at 5:39 am

Hmm, that’s interesting but I personally don’t know the answer to do that…..maybe someone else who knows better can answer you.


Monu October 15, 2010 at 5:40 am



Monu October 15, 2010 at 5:41 am



Monu October 15, 2010 at 5:45 am

Its written on sbi site in news that no TDs will be deducted, then how are you tellling that TDS will be deducted


Saurabh Aggarwal October 15, 2010 at 6:15 am

Read the prospectus & which news are u talking about ? Please tell me i would like to check it out too


Monu October 16, 2010 at 1:53 am

no u were correct i read the prospectus


Manshu October 16, 2010 at 4:25 am

Monu, Sauarabh, Where are you guys reading this in the prospectus? Which section or page number is it in? I didn’t find this upon searching for it, so can you please help me out here. What I found was the same as what Arun said in a comment yesterday, which is that no TDS will be deducted.


Arun October 15, 2010 at 7:15 am

On listed NCDs no TDS will be dedcuted. Just imagine someone sells out NCD just before interest payout and gets full amount and buyer will pay the TDS. (not logical/Fair)


Sameer October 16, 2010 at 3:57 am

I understand the retail category applicants can apply for max. Rs 5 lakh. Now if I apply for Rs 5 Lakh on the 1st day , will I qualify for the first come first serve rule to be followed for allotment.


Manshu October 16, 2010 at 4:23 am

That’s a good point. The bond is reserved 50% for retail, 25% for HNI and 25% for Corporates etc. If one category is left under-subscribed then their quota will be allocated to Retail, HNI and Corporate in that order.

If there is over-subscription – then from the applications received on the day of over-subscription – preference will be given to Series 2 Lower Tier II Bonds on a first come first serve basis, and balance will be allotted on pro-rata basis to Series 1 Lower Tier II bonds.

The relevant part is in page 160, 161 in the prospectus under Basis of Allotment, Issue structure for those of you interested in reading through it. And if anyone else has heard any different then let’s hear it.


Shree October 16, 2010 at 12:31 pm

Can we trade this BOND as shares after listing?


murali October 16, 2010 at 6:10 pm

yah, you can trade


vishal gupta October 16, 2010 at 3:58 pm

Where can I get the application forms for this issue?
Can these bonds be applied online? if yes, someone please indiate how ?


murali October 16, 2010 at 6:12 pm

you can get the applications in the SBI notified branches


Vishal Gupta October 16, 2010 at 7:39 pm

Hi Murali,
Can ASBA route not used for applying to this issue?


Manikandan October 16, 2010 at 11:02 pm

Kindly tell the story of any NSE listed bonds….to understand ,,how the Bind works….


rahul October 17, 2010 at 1:35 am

Can NRI’s apply for this bonds?
Is it recommended to buy these bonds from long term investment point of view?


Manshu October 17, 2010 at 4:17 am

NRIs can’t invest in these bonds as they fall under one of the ineligible categories.


pinal shah October 17, 2010 at 11:56 pm

Hi, can anyone tell me one answer.
as per detail given, this bonds will be traded in stock exchanges after 5 years. i am not aware about SBI but other bond holder has provided features like buyback after 5 years (like in IDFC, & L & T in series 3 and 4 bonds which are paying less intertest), so can series 1 and 2 holders can sell their bonds in stock market after listing? (those having 10 yrs maturity)
In a simple language, after 5 yrs can we trade our bonds on BSE or NSE if we have any one of series bonds? or multiple bonds with each series?
If we can trade than the buyback features will be useless.
I want to have some clarity on this. as not a single site is providing clarity on this part.


Manshu October 18, 2010 at 12:07 pm

Not after 5 years, this bond should list within a few months, and then trade based on demand and supply. The interest rates and price of bonds are inversely proportional so the price will be determined based on interest rate movements.

The point is that having a bond that is listed on the market allows you to sell it off if you so choose even before the maturity and thus provide additional liquidity. This enhances liquidity, doesn’t make it useless. Provides you one more option to exit.


mohan6555 November 7, 2010 at 10:12 am

sbi bond will be traded as soon as allotment process completed.not after 5 years as it is not a tax saving instrument. only tax saving bonds like idfc,l&t traded after 5 year lock in period completed. in future fm may reduce lock in period as he accumulate reserve by selling psu


Neel November 24, 2010 at 10:07 am

Guys, news say that SBI bonds listed at a 5% premium. I do not find SBI bonds anywhere on the NSE site.

Btw, HDFC coming up with their bonds on 26th November.


sandeep October 18, 2010 at 7:12 am

will there be tds or the interest income tax has to be paid by the bond holder ?


Bala October 18, 2010 at 7:24 am

Hello I have 4 queries

1. How does this bond compare with Kisan vikas Patra which doubles the amount invested in 8 years and 7 month.
2. Can you please help if there is an option for interest re-investment.
3. Is the interest offered is compound interest??
4. If in the future the interest rate increases ( which looks like is likely to happen) will the bond value on NSE decrease and hence negate the advantage of NSE listing.

Kindly loooking forward for your advice so than can make a decision on subscription.


Manshu October 18, 2010 at 8:02 am

1. Looks like the Vikas Patra has an interest rate of about 8.5% so that’ s lower than the yield on the SBI bond, however the SBI bonds don’t allow you to re-invest the interest so that’s something to think about.

2. As far as I can tell, they are going to pay out the interest in April every year and there doesn’t seem to be an option of re-investment.

3. If they’re going to pay off the interest every year then your principal is going to remain the same.

4. Bond prices and interest rates are inversely proportional so what you say will take place, however listing on NSE provides liquidity, and you can hold the bonds till maturity to get the 9.25 or 9.5% yield.

In that sense, listing is doing what it is meant to do – i.e. provide liquidity, so movement of bond prices is a feature not a bug πŸ™‚


Bala October 18, 2010 at 8:29 am

Thanks a lot Manshu,

That was helpful, I did a little calculation and found that to have the same yield like kisan vikas patra the bond interest rate should be around 12% per annum. i.e. With 8.25% compound annulay kisan viaks patra gives me around 12% return.

I think i will skip the bond as i can afford to leave the money in locked position for few years.

Many thanks again


Manshu October 18, 2010 at 10:12 am

Thanks for responding Bala. I appreciate it. Also, how did you arrive at the 12% figure?

Something that gives you about 8.5% compounded annually will double in 8 and a half years, so shouldn’t the equivalent bond yield be 8.5% compounded annually, not 12%.

Can you please tell me what I am missing and where is the 12% coming from?


bala October 18, 2010 at 11:42 am

Oh!! sorry Manshu,

What i meant to say is to obtain an equivalent of 8.5% compound interest over eight and half years, we should have 12% normal interest rate over the same period.

For eg. Rs100 invested for 8.5% compound interest for ten years will be Rs226, but same amount with 12% of simple interest over 10 years will only Rs220. Thats what i wanted to explain.

Because i am looking at long term this bond yield will not be a wise decision if i decide to leave the bond for maturity.

any help πŸ™‚


Shrikant October 18, 2010 at 7:57 am

Hi, ICICI direct has a notice saying this bond can’t be subscribed online. Can you tell me how can I subscribe for this, thanks.


Manshu October 18, 2010 at 12:08 pm

You can go to a notified SBI branch that’s selling this bond; do the paper-work, and apply for it from there.


Manshu October 18, 2010 at 12:50 pm


Thanks again for your response! You have obviously given this good thought. I’d also think about how much inflation eats into the amount you get after maturity.

In the sense that with SBI Bonds you get some interest payment every year which you can re-invest at a rate (probably lesser than 9.25%, maybe a 50 – 100 basis points lesser), so you have that cash flow coming in every year, which has a certain present value.

On the other hand you get a lump-sum from the Kisan Vikas Patra scheme after about 8 and a half years, but what’s the present value of that?

Given the high rates of inflation this is something to think about; how do the two cash flows compare?

I am just thinking aloud here, and you’ve brought in an excellent point to this discussion which I hadn’t thought about earlier.


bala October 18, 2010 at 1:37 pm


This is really getting exiting!!, well inflation is really a very good thought, but thats the reallity of life and the way banks and lenders make money isn’t it.

As per data average inflation rate of india for last 40 years is around 8%, so if we consider that the next 10 years will tread along the same line, actual return when adjusted for inflation is around 1.25% for SBI bond and 0.5% cumulative interest.

Given your idea that we will invest the interest money every year into a different deposit scheme, the rate of interest when adjusted to inflation will only be between 50 to 100 basis point, again simple interest. ( I am making a big assumption that when inflation increases interest rate increases and vice versa).

My God, Now i am starting to think even if investing in a long term fixed deposits makes any sense. πŸ™‚


Manshu October 18, 2010 at 3:40 pm

πŸ™‚ I know what you mean…..we can’t miss the forest for the trees though, we must take what is on offer, evaluate it to the best of our ability and then see if it suits our need just the way you have done. Good discussion Bala, I enjoyed it. Thank you for your views.


Parth Patel October 21, 2010 at 10:42 pm

That is exactly why equities trump all other investment classes in the long-term, as they are the direct beneficiaries of inflation.
Inflation comes from the price increases of companies’ products, and hence the companies always have inflation-adjusted returns in the long-term.

For bonds, even according to economic theory, their long-term yields will equal Inflation + Risk premium. As gilts and FDs have very little risk, their risk premiums are also very less.


rAVI October 19, 2010 at 1:41 pm

Tanks for all your interactive discussion… again it would be great if you can tell me once again – In simple words…what should I do with SBI Bonds…..should I redeem after listing? or should wait for 5 year? or wait for 10 year?


Manshu October 20, 2010 at 12:59 pm

I’d say wait for the listing first Ravi, and then see how much it is trading for. That will be a better time to think about selling or holding.


ARUP October 29, 2010 at 11:49 am

I have a query…….

I have a SBI bond which I have won in a competition. It was for ten years, now as it has matured how do I WITHDRAW IT ?


Darshita Shah March 21, 2011 at 11:26 pm

Whether TDS will be deducted on interest amt if it exceeds Rs. 2500/- as per Sec 193A if i m retaing the bond?


Manshu March 22, 2011 at 4:09 pm

To the best of my knowledge TDS will not be deducted, but this is something I’m not 100% certain about.


Pankit November 27, 2010 at 12:19 am

Hii ..

I want to know listing date of SBI bonds. Any idea when it will be listed on exchange? What is regulatory timeline for listing such bond. I know that HDFC warrents are traded on NSE exchange. Any idea, wht time HDFC warrent took to listed from date of allotment/issuance.

Thanks in advace


Manshu November 27, 2010 at 3:57 pm

They have already listed, and are trading on a premium of about 5% Pankit.


Pankit November 29, 2010 at 2:11 am

Your answer has surprised me..
It was mentioned that bond will be listed on NSE stk exch.. but I have checked the NSE’s bhav copy and didnt find SBI Bonds in it. Can you please help me in selling these bonds and how I will be able to enter bond market considering that bond selling will require different platform than normal NSE/BSE items?



Parth Patel November 29, 2010 at 2:45 am

You do not require a different platform, they can be sold normally like any other stock.
In Odin, the NSE scrip id is 20518 for the N1 bonds (9.25%), and 20520 for the N2 bonds (9.5%).
Give your broker this info if you need help with Odin.


Manshu November 29, 2010 at 8:28 am

Thanks Parth!


MURGESH December 26, 2010 at 10:58 pm

i want to know the listing details of SBI Bonds on exchange………means its code,,symbol..etc………………………


Manshu December 28, 2010 at 8:28 am

Parth Patel had given an excellent response to this very question earlier, so let me just copy paste that response again for you Murgesh.

You do not require a different platform, they can be sold normally like any other stock.
In Odin, the NSE scrip id is 20518 for the N1 bonds (9.25%), and 20520 for the N2 bonds (9.5%).
Give your broker this info if you need help with Odin.”


vijaya January 3, 2011 at 2:36 am

Will you kindly clarify my following doubts.

1. where the Bank will reinvest this fund.
2. Do we get interest like a dividend
3. if we invest Rs 1 lack how many Bonds he will issue.
4. in case he issue 10 bonds for 1 Lak can we trade 10 Bonds according the the Market price. For remaining bonds do we get interest


Manshu January 3, 2011 at 3:47 am

The SBI bonds are closed for subscription Vijaya, so you won’t be able to buy this bond but from the stock exchange, which I don’t know how that’s done.


RAJU February 7, 2011 at 12:40 am

if some one buy 10 bonds than how many rs intrest he got ? which date ? how many tds dedust? any 15g/15 h form ?any book closer come ? from where this book closer we find?


Lekhraj Gupta February 15, 2011 at 1:16 am

If i sells these bonds after 1 year of allotment than there will be no income tax on the profit as these will be sold through exchanges only. There is no long term tax if a security is sold though exchanges. Am i right?




Manshu February 15, 2011 at 4:33 pm

Lekhraj – No that’s not right. Long term capital gains are only exempt on shares, and equity based mutual funds – these bonds will attract capital gains tax if you sell them at a profit.


alok February 15, 2011 at 2:26 am

can we apply online for these bonds as in previous issue it was not permitted


Manshu February 15, 2011 at 4:32 pm

I don’t think so….haven’t come across that option so far.


A. K. Singh February 18, 2011 at 3:32 am



Manshu February 18, 2011 at 9:14 am

That’s not right – there is no tax saving on this AK Singh. Please clarify at the earliest or I’ll remove this comment.


VK March 10, 2011 at 2:51 am

Possibly this is an advisor’s cheap attempt to attract customers


Manshu March 10, 2011 at 5:28 pm

Thanks for reminding me about this VK – I won’t delete his comment but keep an eye out for future comments from him


Hemant February 19, 2011 at 2:45 am

Mr Manshu,

i gone through all the comments and i come to know that its intresteting to Invest in SBI bond.

it look good deal for long term.

can you please let me know more about SBI bond.



Manshu February 20, 2011 at 5:19 pm

What exactly are you looking to find out Hemant? Do you have any specific question?


Hemant February 21, 2011 at 1:40 am

Mr Manshu,

I want to know your openion about this bonds.
I should invest now or let this issue come up.
what is your stratiges about this.



Manshu February 21, 2011 at 4:57 pm

Sorry Hemant, but I don’t give individual investment advice here; you know what the terms are so if it makes sense to your needs then go for it. I really don’t have a lot of input to provide with respect to strategy etc.


Prashant Khare February 21, 2011 at 3:05 am

Dear Sir

Just want to know that, is it not a better idea to invest the money in Post office MIS + RD scheme (more than 10.5% assured interest) than investing in SBI bonds which will attract capital gain tax as well


Manshu February 21, 2011 at 4:55 pm

Prashant – POMIS interest income also attracts tax like the interest on SBI bonds. The capital gains come into play only in a scenario where you sell it in the market and make some capital gains which may not always happen. But other than that – yeah the yield there is slightly higher.


VK March 10, 2011 at 3:02 am

Prashant – PO MIS & RD combination would not compete with this bond issue in terms of yield. PO MIS gives 8% p.a.on a monthly basis. Which can be further reinvested in PO RD. The PO RD gives an interest rate of 7.5% quarterly compounding. The MIS also has a maturity bonus of 5% at the time of maturity. So in all interest generated @8% is reinvested @7.5% so the overall compounding interest is somewhere in between these two rates. Even after considering the 5% bonus for 6 yrs of MIS deposit, the SBI’s 9.95% clearly wins in terms of the yield. You can also invest the yearly payout of SBI in PO RD. Do you get the idea ?
People do keep a look out for a sequel of this issue. SBI will be coming with such an issue in the F.Y.2011-12.


Manshu March 10, 2011 at 5:28 pm

Thanks VK.


Bala February 22, 2011 at 6:50 am

Hi Manshu,

I have demat account with BN Rathi
I want to buy SBI bonds.

Could you clarify me the following doubts

1. SBI bonds are trading at a premium of about 5% — what does this mean?
2. If I need money in future, can I sell them in NSE?
I buy them now for 1Lac, then receive the annual interest of approx 10k , then immediately sell the bonds in NSE. will I get my principal of 1Lac(exactly) or less or more?

3. what if I sell them before getting yearly interest? say 8 months, still SBI will pay me interest for 8 months?

4. while making a FD, I usually give them form 15h, so that tax will not be deducted
similar thing can be done in SBI bonds?




Manshu February 22, 2011 at 6:56 pm

1. This means that bonds are trading at 5% above their face value which is 10,000 in the new issue.
2. Yes. You will get less principal after the interest has been paid out.
3. No, you won’t be paid any interest, but the price at which the bond is trading might still be higher than the face value.
4. I’m not sure about this point, though I think it can be done.


Bala February 23, 2011 at 8:22 am

Hi Manshu,

thanks for reply. my thoughts:

on the day of listing, it should be exactly 10,000 (unless listed with a premium)
now interest value will be added everyday
after 1st month of issue, assuming 10% interest = 1000/12 = 83, so value = 10,083
after 2rd month of issue, value = 10,166
after 1 year, value = 11,000
now SBI pays an annual interest of 1000Rs, value becomes 10,000 again
if there is any premium of say 3% then the value would be 10,300

in future if the mkt interest rate decreases to say 8%, many want to buy this from secondary mkt to get 9.75% from SBI, so value would increase(premium)

if the mkt interest rate increases to say 12%, no one wants to buy this, so value may decrease(discount) or trade without any premium

Please give your feedback




Manshu February 23, 2011 at 2:07 pm

It is expected to list at a premium right off the bat because demand is expected to outstrip the supply. The second part of your comment is right which is that bond prices and interest rates are inversely related.


mohan April 19, 2012 at 8:13 pm

regarding buying the bond with premium depends upon the trend of the mkt interest rate,whether it goes up or nosedive and the bond issuing companies trust worth .sbi bond fetch higher premium in the 15 years bond compared to 10 yeras sbi bond.l&t fin ncd fetch higher premium compared to indianinfoline fin ncd.


Indian Share Market Basics February 25, 2011 at 3:46 am

These bonds are really good for investments


ALAMELU February 26, 2011 at 8:17 pm



shivam April 19, 2012 at 2:27 pm

What is the BSE code No. of SBI Retail Bonds at 9.95% for 15 years and 9.75% for 10 years


Gopal chandra sahoo. April 19, 2012 at 6:41 pm

SBI Retail Bonds.


mohan April 19, 2012 at 8:01 pm

hi Sivam
the BSE code No. of SBI Retail Bonds at 9.95% for 15 years is 961703 and the code for 9.75% for 10 years is 961701.
warm regards


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