Home › Circulars › RBI/2013-14/418

IINSS-C 2013 Issue Extended to March 31, 2014

Current · Source: Reserve Bank of India · RBI/2013-14/418 · issued 30 Dec 2013 · ~1 min read
Quick answerRBI extended the closing date for Inflation Indexed National Savings Securities-Cumulative (IINSS-C) 2013 from December 31, 2013 to March 31, 2014. All other terms remain unchanged. Banks must continue accepting subscriptions until the new deadline or earlier closure by the government.
The rule, in the simplest words
How it plays out — a real example

A retail banking officer in Mumbai will continue to accept and process subscriptions for IINSS-C 2013 from investors until March 31, 2014, or until the government announces an earlier closure, giving them more time to market and sell these inflation-indexed savings instruments to customers. This extension allows the officer to update their internal systems and inform all relevant departments about the unchanged terms and conditions. The officer will also monitor any further government notifications for potential early closure of the issue.

What changed

The Government of India extended the issuance closing date for IINSS-C 2013 from December 31, 2013 to March 31, 2014. The government retains the right to close the issue before the new deadline. All other terms and conditions from the December 19, 2013 notification remain unchanged.

What it means for you

Banks and designated agencies (like SHCIL) must continue to accept and process subscriptions for IINSS-C 2013 for an additional three months. This extension gives lenders more time to market and sell these inflation-indexed savings instruments to retail investors. No changes to interest calculation, maturity, or other features are involved.

What you must do

Who it affects

State Bank of India and associate banks, All nationalised banks, ICICI Bank, HDFC Bank, Axis Bank, Stock Holding Corporation of India Ltd (SHCIL), Retail investors subscribing to IINSS-C 2013

❓ Common questions

What is the new closing date for IINSS-C 2013?

The closing date has been extended from December 31, 2013 to March 31, 2014. However, the government may close the issue earlier than this date.

Are there any changes to the terms and conditions of IINSS-C 2013?

No, all other terms and conditions from the December 19, 2013 notification remain unchanged. Only the closing date has been extended.

📜 Read the original circular — full text as issued by RBI
RBI/2013-14/418 DGBA.CDD.No. 3798/13.01.999/2013-2014 December 30, 2013 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities- Cumulative, 2013 Please refer to our Circular DGBA.CDD.No. 3688/13.01.999/2013-2014 dated December 19, 2013 on the captioned subject. 2.  In this regard, the Government of India has decided to extend the closing date for issuance of Inflation Indexed National Savings Securities- Cumulative (IINSS-C), 2013 from December 31, 2013 to March 31, 2014. The Government of India reserves the right to close the issue earlier than March 31, 2014. 3.  The other terms and condition of the Government Notification dated December 19, 2013 and contained in our above referred circular shall remain unchanged. Yours faithfully, (R. K. Singh) Deputy General Manager Government of India Ministry of Finance Department of Economic Affairs (Budget Division) New Delhi, Dated December 30, 2013 NOTIFICATION Inflation Indexed National Saving Securities-Cumulative, 2013 No. F. 4(16)-W&M/2012: The Government of India hereby notifies that the closing date for issuance of Inflation Indexed National Saving Securities- Cumulative has been extended from December 31, 2013 to March 31, 2014. The Government of India reserves the right to close the issue earlier than March 31, 2014. The other terms and conditions of the Notification dated December 19, 2013 shall remain unchanged. By Order of the President of India (Peeyush Kumar) Director to the Government of India
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/418 · issued 30 Dec 2013. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forBranch Manager — Private Bank / SFBBranch Operations (Accounts / FD / CASA)Teller / Cashier / Customer Service OfficerPersonal Banker / Branch RM (Portfolio)Treasury Team / ALMCompliance Team
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Government & Bank Accounts
Extended Remittance Timeline for Govt Revenues from Remote AreasMaster Circular on Broker Appointment & Brokerage for Relief/Savings BondsMaster Circular on Broker Appointment & Brokerage for Relief/Savings BondsNew Non-Assessee Codes for EASIEST: Banks Must Update SystemsRevised Penal Interest Rules for Delayed Govt Revenue Remittances
Browse all departments →
Who does what — compliance checklist
🏦 Branch Manager
  • Update internal systems and branch circulars to reflect the new closing date of March 31, 2014 for IINSS-C 2013.
⚙️ Operations
  • Inform all relevant departments (treasury, retail banking, operations) about the unchanged terms and conditions.
📜 Compliance
  • Continue accepting subscriptions from investors until the extended deadline or until the government announces an earlier closure.
  • Monitor any further government notifications for potential early closure of the issue.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Branch Manager at a bank this circular applies to (State Bank of India and associate banks, All nationalised banks, ICICI Bank, HDFC Bank, Axis Bank, Stock Holding Corporation of India Ltd (SHCIL), Retail investors subscribing to IINSS-C 2013), your first concrete step on “IINSS-C 2013 Issue Extended to March 31, 2014” is: “Update internal systems and branch circulars to reflect the new closing date of March 31, 2014 for IINSS-C 2013.” (RBI issued this 30 Dec 2013).

  1. Circular: RBI/2013-14/418 -- IINSS-C 2013 Issue Extended to March 31, 2014
  2. Issued: 30 Dec 2013
  3. Action required: Update internal systems and branch circulars to reflect the new closing date of March 31, 2014 for IINSS-C 2013.
  4. Action required: Continue accepting subscriptions from investors until the extended deadline or until the government announces an earlier closure.
  5. Action required: Inform all relevant departments (treasury, retail banking, operations) about the unchanged terms and conditions.
  6. Action required: Monitor any further government notifications for potential early closure of the issue.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8652&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—