Bearer Bonds

For Bearer Bonds, the document requirements are minimal or non-existent due to their unique nature. Bearer bonds do not have ownership records with the issuing entity, meaning whoever physically holds the bond owns it and is entitled to the coupon payments. However, for the purpose of issuing or managing Bearer Bonds, some documents might still be required based on the regulatory framework of the issuer.

1. Proof of Identity (if required by the issuing entity):

• PAN Card (Permanent Account Number).

• Passport.

• Driving License.

• Aadhaar Card (if applicable).

2. Proof of Address (if applicable):

• Utility Bills (not older than 3 months).

• Bank Statement or Passbook.

3. Account Opening Form (if through a financial institution):

• Completed form to open an account with a broker or bank to purchase Bearer Bonds, if required.

4. Bank Account Details (if applicable):

• Cancelled Cheque.

• Bank Statement for confirmation of account details.

5. Investment Declaration:

• In some cases, investors may need to sign a declaration or agreement outlining the risks of investing in Bearer Bonds, such as the lack of legal recourse if the bond is lost or stolen.