Tax Saving Bonds – IDFC Infra Bonds – Tranche 2


IDFC has come up with the second tranche of their infrastructure bonds

The issue opens on January 11′ 2012 and ends on February 25′ 2012 (extended till 5th March).

The issue is secured and rated ICRA ‘AAA’ and Fitch ‘AAA’ from ICRA and Fitch respectively.

Issue Details:

Options

Series 1

Series 2

Face Value

Rs. 5000

Rs. 5000

Interest Payment

Annual

Cumulative

Tenor

10 years

10 years

Interest Rate

8.70%

8.70% compounded annually

Buyback

5 years

5 years

Maturity Amount

Rs. 5,000

Rs. 11,515

Invest in IDFC Bonds Today

  • The bonds don’t attract any TDS in case the investments are in demat form
  • The bonds are available in Demat & Physical form
  • The bonds will be listed on NSE and BSE and can be traded after the 5 year lock-in period
  • Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
  • An investor would need a PAN card to invest in these bonds.
  • The bonds will be issued only to Resident Indian Individuals  and HUF
  • An applicant may subscribe to the two series of Bonds offered but the minimum application under each series shall be one bond i.e., 5,000
  • Interest on the Bonds shall be payable on annual or cumulative basis depending on the series selected by the bond holders
  • The interest accrued on the bonds will be credited to the respective bank registered with the demat account through ECS on the due date for interest payment.
  • Cheque / DD should be drawn in favour of “IDFC Infra Bonds – Tranche 2” by all applicants.

For More Details click below:

IDFC Infra Bonds – Tranche 2 Tax Saving Bonds – IDFC Infra Bonds – Tranche 2 Details

To download form click here

Important: You must write application number before submitting the application, click here for application number

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, please keep the
Acknowledge Slip with you.

To know more about Section 80CCF Infrastructure Tax Saving Bond click here.

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