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US-64 Bonds & Units

It is important to understand the difference between UTI US-64 Units & UTI US-64 Bonds. Initially UTI issued UTI US-64 Unit Certificates. Later, in 2003, the US-64 Unit Certificates were replaced by US-64 Bond Certificates. The US-64 Bonds matured in June 2008.

UTI US-64 BONDS


UTI (Unit Trust of India) is the oldest Mutual Fund in India – which launched Unit Scheme - 64 in the year 1964 (also known as UTI US-64 scheme). Subsequently in 2003, the UTI US-64 units were converted into interest paying UTI US-64 Bonds of Rs. 100 each as face value and paying 6.75% p.a. tax-free interest. These UTI US-64 Bonds matured in June 2008.

From 2nd June 2003 to 2nd June 2008, these UTI US-64 Bonds paid tax-free interest every 6 months to the bondholder. The amount paid as interest every 6 months was 3.375% of the bond value. For example, if an investor held 350 UTI US-64 Bonds, the bond value was Rs. 35,000 (350 bonds of Rs. 100 each) and he/she received an interest of Rs. 1,181.25 every 6 months on the bonds held by him/her.

Upon maturity of the UTI US-64 Bonds on 2nd June 2008, UTI paid the maturity amounts of these bonds as follows:


    1. For US-64 bond holders who held up to 200 bonds (i.e. up to Rs. 20,000), the maturity amount was sent automatically to these bond holders.
    2. Those holding more than 200 UTI US-64 Bonds were to submit the duly discharged original bond certificates to UTI.

UTI ARS Bonds


A few UTI old schemes (eg. UTI Children's Gift Growth Fund CGGF, UTI Rajlakshmi Scheme, UTI MIP) were converted into UTI ARS Bonds paying 6.6% p.a. tax-free interest (3.3% every 6 months). The UTI ARS bonds matured in April 2009.

Upon maturity of the UTI ARS Bonds on 1st April, 2009, UTI paid the maturity amounts of these bonds as follows:

  1. For ARS bond holders who held up to 400 bonds (i.e. up to Rs. 40,000), the maturity amount was sent automatically to these bond holders.
  2. Those holding more than 400 UTI ARS Bonds were to submit the duly discharged original bond certificates to UTI.





Inspite of the best efforts made by UTI to inform the bondholders of UTI US-64 Bonds and UTI ARS Bonds about procedures to claim the maturity amounts, crores of Rupees worth of these bonds still remain unclaimed.


Other old UTI schemes:

  • UTI Mastershare
  • UTI Masterplus
  • UTI Monthly Income Plans (MIP)
  • UTI Mastergain 1992, etc.
  • UTI MEPUS

Since these are invariably quite old investments, signature attestation from the unit/bond holders' bank manager is required. Therefore, the first step is to get the signatures attested as per format - Click here to download the format

Also, some special formalities may be required on case-to-case basis


If you feel you have any unclaimed amounts from your old UTI investments and would like assistance in encashing/ transferring these amounts to other UTI Schemes, please send us a query giving Scheme Name, Folio No./Certificate No./Distinctive No. and Holder Name.

Please note that we provide services to assist you in encashing /transferring your unclaimed maturity amounts to existing UTI Schemes from matured old UTI Bonds/Schemes. You can also approach UTI directly for claiming/transferring these amounts to other schemes. However, if you seek our assistance in completing the documentation for your claims / transfers, we will require service charges to be paid upfront.