Hello,

The amount to pay for a discount bond depends on its face value, discount rate, and time to maturity. Discount bonds are purchased below face value, so you pay less than the bond’s full value upfront. For example, if a bond has a face value of 1,000 with a 5% discount, you’d pay 950 initially. The exact price varies based on issuer terms, interest rates, and bond market conditions.

The discontinuation bond price is charging fees based on several factors, including:

the particular institution or organisation : the fees charged to discontinue bonds are different in a different institution;

the course or program that you withdraw from: The price will vary with the length and fees of the programs among other factors,

the reason for discontinuation: Institution may have fees that vary based on the reason for discontinuation; for instance, to achieve medical reasons, personal, or other reasons.

As for the actual amount you are supposed to pay for a discontinuation bond, you will have to visit the specific institution or department where you are learning. They may help guide you in the right direction, ensuring that you're not overcharged to cover more than what is required in terms of fees and procedure to make the bond.

Some general guidelines to consider for discontinuation bonds:

Read the Fine Print: Understand thoroughly the terms of admission and the discontinuation policy.

Good Communication: If you have a legitimate reason to discontinue, communicate this situation clearly to the institution.

Seek Guidance: Seek guidance from the authorities concerned in the institution regarding the procedure and any probable fees.

Submit on Time: Make sure you submit your discontinuation bond well in time to avoid penalties.

Following this guideline and inquiry into specific information from the institution will enable you to effectively follow through with withdrawing your enrollment and associated costs.

Hello Shivani,

A discontinuous bond , often referred to as a zero-coupon bond , does not make periodic interest payments (coupons) like regular bonds. Instead, it is issued at a discount to its face value and matures at par (face value), which is typically higher than the price you paid for it.

For more details about bonds you can check out an article by Careers360 whose link is given below:

Link: https://medicine.careers360.com/articles/state-wise-neet-ug-bond-types-penalty-amount

I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.

Thank you and wishing you all the best for your bright future.