• Resident Indian individuals in their own name or in the name of their minor children as natural legal guardians
• Hindu Undivided Families (HUF) through the Karta of HUF
• Administrators of Provident fund, Superannuation Funds and Gratuity Funds
• Companies and Body Corporates, societies registered under relevant laws in force in India
• Partnerships firms
• Commercial banks, regional rural banks, co-operative banks
• Financial institutions, statutory corporations
• Insurance companies
• Mutual funds
• Trusts which are authorized to invest in the bonds and
• NRIs/OCBs/FII, on non-repatriable basis only.

Applications by Corporate Bodies/ Companies/ FIs/ Statutory Corporations:

The applications must be accompanied by true copies of Memorandum and Articles of Association/constitution/Bye laws, resolution authorizing investment and containing operating instructions, specimen signatures of authorized signatories.