asked the Minister for Finance the reason interest payments of Post Office Income Bonds have not been paid on the date due recently and are up to two weeks late; if he is aware of the inconvenience this causes to elderly people in particular; and if he will make a statement on the matter.
Written Answers. - Savings Bonds.
138.
The only bonds on offer by An Post are savings bonds. The return earned under the savings bonds scheme is payable on encashment of the bonds.
I am informed by An Post that, where repayment was sought, there has been no undue delay in repaying bond holders their investment plus return. Notice of repayment is required and the normal time taken to issue payments on receipt of application is seven working days. Repayments are being processed within this timescale.
If the Deputy is aware of any particular case of difficulty I will be glad to have it investigated if he communicates the details to me.