IRFC Tax Free Bonds


Indian Railway Finance Corporation Ltd has come up with the Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures

The issue opens on January 27′ 2012 and ends on February 10′ 2012.

The issue is secured and rated “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE & “[ICRA] AAA” by ICRA.

INVESTMENT SERIES

 Series Tranche 1 Series I Tranche 1 Series II
Tenor ^ 10 Years 15 Years
Face Value per Bond Rs. 1,000 Rs. 1,000
Minimum Application Rs. 10,000 (10 Bonds) Rs. 10,000 (10 Bonds)
In Multiples of Rs. 5,000 (5 Bonds) Rs. 5,000 (5 Bonds)
Frequency of Interest Payment Payable annually Payable annually
Interest Payment Date October 15, every year October 15, every year
Coupon Rate for applicants under Category I & II 8.00% p.a. 8.10% p.a.
Coupon Rate for applicants under Category III * 8.15% p.a. 8.30% p.a.
Redemption/Maturity Date At the end of 10 years from the DeemedDate of Allotment At the end of 15 years from the DeemedDate of Allotment
Redemption Amount Repayment of the Face Value plus any interest that may have accrued at the Redemption Date Repayment of the Face Value plus any interest that may have accrued at the Redemption Date

PAYMENT INSTRUCTION:-

Mode of payment
1. At par cheques
2. Demand Drafts

Cheque / Demand Draft in favor?
-The payment instruments from non-NRI and non-FII applicants shall be payable into the Escrow Account drawn in favour of “IRFC Tax Free Bonds – Escrow Account – Tranche I”.
-The payment instrument from NRI applicants shall be payable in the NRI Escrow Account drawn in favour of
“IRFC Tax Free Bonds – NRI Escrow Account – Tranche I”.
-The payment instrument from FII applicants shall be payable in the FII Escrow Account drawn in favour of
“IRFC Tax Free Bonds – FII Escrow Account – Tranche I”.

For More Details check out the link below:

Product Note and Company Profile – IRFC

IRFC Final Term Sheet

FAQ ON IRFC

FAQS on IRFC FOR NRI

Locations for IRFC (to submit the application form)

Documents required for IRFC

Click here to Download Application Form

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.

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One thought on “IRFC Tax Free Bonds

  1. Magnificent website. Plenty of helpful information here. I am sending it to a few friends ans additionally sharing in delicious. And naturally, thank you on your sweat!

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