Order the discount as a bond matures
Exercise and reference answers
- Steps
- Four to five years left, 20 pc
- Three to four years left, 40 pc
- Two to three years left, 60 pc
- One to two years left, 80 pc
- Under one year left, 100 pc
- Instructions
- Tap the steps from the earliest year to the last.
Explanation
_Source: RBI Master Circular, Prudential Norms on Capital Adequacy, Primary (Urban) Co-operative Banks_