---
kind: "section"
citation: "31 C.F.R. § 359.48"
title: "31"
number: "359.48"
heading: "How are redemption payments made for my redeemed book-entry Series I savings bonds?"
url: "https://uscodex.org/cfr/31/359.48"
---

# §359.48. How are redemption payments made for my redeemed book-entry Series I savings bonds?


We will make payments electronically by direct deposit, using the ACH method, to your designated account at a United States depository financial institution. You may also direct that a payment be used to purchase a certificate of indebtedness to be held in your New Treasury Direct account.


## Notes

### Amendments

[69 FR 50308, Aug. 16, 2004]

### Authority

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.

### Source

Source: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.

### Amendments

[69 FR 50308, Aug. 16, 2004]