Repayment of 11.50% IDBI SLR Bonds 2010 (57th Series)

IDBI Bank hereby notifies for general information of all concerned that the principle amount of the captioned bond series is repayable at par on July 05, 2010. No interest will, therefore, accrue on the Bonds after July 04, 2010. Book closure of the 57th series will be observed with effect from June 05, 2010 and no request for transfer will be entertained after that date.

Investors holding the bonds in the form of Promissory Notes (PNs) may tender the bonds at the concerned branch of IDBI Bank Ltd. where they were last enfaced, by June 05, 2010 to facilitate repayment in time.  The PNs should be tendered for repayment after they are duly discharged by the holder(s) on the reverse as under:

“Received the principal of this bond
(Signature of the holder or his authorized attorney)”

Investors, having investment in the form of ‘Entry-in-Account’ with IDBI Bank, should furnish a receipt in the prescribed form (Form XIV) for the principal amount, along with the relevant Certificate of Holding to Investor Services of India Ltd, (ISIL), IDBI Building, 2nd floor, ‘A’ Wing, Sector 11, Plot No.39, 40 & 41, CBD Belapur, Navi Mumbai 400 614 (Telephone No.022 2757 9636-40), before June 14, 2010.

In case the bonds are held in Demat form (ISIN: INE008A09208), bondholders need not furnish any document.  The bonds will automatically be debited from the respective Client ID / DP ID through NSDL / CDSL and redemption proceeds will be sent / remitted to the investors. Bondholders are requested to update their address and bank details, if necessary, with their Depository Participants.