Redemption The period is 7 years and cannot redeem the bonds within that tenure. At maturity, the principal amount together with the interest that has been piling up in due course of time is returned to the investor. Nomination Facility: An investor can nominate a person or a group of persons for receiving the redemption proceeds of the bonds in case of his death. This makes it ha... https://finxl.in/investment-banking-online-classes-courses-training.html