Enquiries Regarding Unredeemed Compulsory State Loans

​Compulsory State Loans were paid by the public in1961–1982. Loans were also extended by citizens to the State on a voluntary basis. If you paid a loan, or if you are an heir or the manager of the estate of someone who paid a loan, you can check on the particulars about it through the information system on the website.

Enter the relevant identifying details- identification number (including control digit) and name
(as it appears in the Population Registry in Hebrew).
If there are unredeemed loans, you can submit a request, through the website, to receive instructions on redeeming them.

The option of checking eligability through the system is not available in the following cases:
* The holder of a loan transferred it to a third party.
* The holder of a loan paid it in the 1960s (the database only includes certificates from 1970-82).
* The holder of a loan​ is a company, employer, or nonresident.

In such cases, please contact the Bank of Israel in writing:
 Bank of Israel, State Loans Section, PO Box 780, Jerusalem, 91007.
 
Issues may also be addressed to milvot@boi.gov.il

I would like to check my claim for a loan

Foreign loans: State of Israel BONDS & CERTIFICATES

The State of Israel raises funds around the world through foreign loans—in bond and certificate form. The loans are administered by a fiscal agent, currently Computershare.
Loan certificates which have or had an early redemption option in Israel can be redeemed in Israel through certain commercial bank branches. These certificates are:

1. Bonds - Securities issued by the Israel Bonds corporation. to check the series and notes available for redemption.

2. Certificates - Securities issued in the past by the Ministry of Finance and were eligible  for early redemption.


Foreign loan certificates registered under a name are generally issued for 15 year terms. The actual loan certificates and the attached coupons carry unique serial numbers.

Which bond certificates can be redeemed in Israel?

Only loan certificates included on the list available on the Bank of Israel website can be redeemed, and under the following conditions:

  1. The certificate must be presented.
  2. The redemption is carried out with the registered owner only, or via a transfer form certified by a banking corporation. A transfer letter from abroad needs to be certified by a commercial bank, trust company, a New York Stock Exchange-traded company, Israel Bonds, an Israeli Consul, or savings banks listed in the manual "Directives for Redeeming Foreign Loans in Israel" which was distributed to banking corporations.
  3. Only to 7th series bonds can be redeemed early, and only in cases with one of the conditions for early redemption. The most common conditions are listed on the certificates.

What preliminary information is available on the Bank of Israel website?

Information needed to calculate the certificate's payment value, and information about the certificate—such as if it is ineligible for redemption—is available on the Bank of Israel website.

What are the most common conditions (and their limitations) for early redemption of bond certificates?

A resident of Israel can present for early redemption bonds of up to $1,000 par value per calendar year. Tourists visiting Israel are eligible to present for early redemption $2,500 par value for each calendar month of their visit, to defray their expenses in Israel.
A public institution, recognized under Section 46(a) of the Income Tax Ordinance, is eligible to present for early redemption certificates received as a donation, provided that they were issued more than three years before the redemption, and provided that notice of the early redemption was given 120 days before the redemption.
Early redemptions will only be paid in shekels.
The conditions for early redemption of bonds from the 7th series are listed in the "Directives for Redeeming Foreign Loans in Israel" which was distributed to banking corporations.

Can Israel Bonds certificates be redeemed in the Bank of Israel?

No. Regular bond certificates can be redeemed through most main city branches of commercial banks.
State of Israel certificates with a par value of $100 may be redeemed through three banking corporations without a fee - Discount Bank, First International Bank, and Union Bank; and in other banking corporations with a fee.

 

What is the fee collected by commercial banks for redeeming bond certificates?

The fee is up to one percent of the amount payable, except for State of Israel certificates with a $100 par value, on redemption of which the fee charged is $2 per certificate, which is paid to the redeeming bank by the Bank of Israel.