CBDT Notifies NaBFID Ten Year Zero Coupon Bond Under Section 2(112) of Income-tax Act, 2025 vide Notification No. 89 of 2026-Income Tax dated 17 July 2026
CBDT, through Notification No. 89 of 2026-Income Tax dated 17 July 2026, has specified the Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development as a zero coupon bond for the purposes of Section 2(112) of the Income-tax Act, 2025, read with Rules 7(5)(b), 7(5)(c) and 7(8) of the Income-tax Rules, 2026. The notification specifies that the bond will have a life of ten years and is to be issued on or before 31 March 2028. The amount payable on maturity or redemption is ₹20,000 crore, with a discount of ₹10,296.12 crore, and 20 lakh bonds are to be issued. The notification further provides that it shall be effective subject to the National Bank for Financing Infrastructure and Development fulfilling the conditions specified under the Income-tax Act, 2025 and the Income-tax Rules, 2026.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 89 of 2026-Income Tax | Dated: 17th July, 2026
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 |
2. 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
