Specification of Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development · 89/2026/F. No. 164/1/2026-ITA-1
CBDT notification 89/2026/F. No. 164/1/2026-ITA-1 · 17 Jul 2026
Official title
notification no. 89/2026 cbdt f. no. 164/1/2026 ita 1 / so 3936 e
Official record
Open source pageSummary
Check the official recordWhat changed
The Central Board of Direct Taxes has specified the 'Ten Year Zero Coupon Bond' issued by the National Bank for Financing Infrastructure and Development as a zero coupon bond under section 2(112) of the Income-tax Act, 2025. The notification outlines the bond's parameters, including a ten-year life, a total issue of twenty lakh bonds, and a maturity value of twenty thousand crore rupees. The bonds must be issued on or before March 31, 2028. The effectiveness of this notification is contingent upon the National Bank for Financing Infrastructure and Development complying with all conditions stipulated in the Income-tax Act, 2025, and the Income-tax Rules, 2026.
What you must do
- The issuer must ensure the bonds are issued on or before March 31, 2028.
- The issuer must fulfill conditions specified in the Income-tax Act, 2025 and Income-tax Rules, 2026.
Key dates
Document text
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th July, 2026 (INCOME TAX) No. 89 of 2026-CBDT
S.O. 3936(E).— In exercise of the powers conferred by section 2(112) of the Income-tax Act, 2025 (30 of 2025) read with rules 7(5)(b), (c) and 7(8) of the Income-tax Rules, 2026, the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of section 2(112) of the said Act, namely :-
| (a) | Name of the bond | Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development |
| (b) | Period of life of the bond | Ten years |
| (c) | The time schedule for issue of the bond | To be issued on or before the 31st day of March, 2028 |
| (d) | The amount to be paid on maturity or redemption of the bond | Twenty thousand crore rupees. |
| (e) | The discount | Ten thousand two hundred and nighty six crore twelve lakh rupees. |
| (f) | The number of bonds to be issued | Twenty lakh |
- This notification shall be effective subject to the conditions that the National Bank for Financing Infrastructure and Development fulfills the conditions as specified in the Income-tax Act, 2025 and Income-tax Rules, 2026.
[No. 89/2026/F. No. 164/1/2026-ITA-1] HARDEV SINGH, Under Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
Source details
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 17 Jul 2026
- Document number
- 89/2026/F. No. 164/1/2026-ITA-1
- Issuing division
- Central Board of Direct Taxes
- Effective date
- 17 Jul 2026
- Coverage area
- direct-tax