Friday, November 12, 2010

Forth Coming LIC Infrastructure Bonds

As per market news, LIC is coming up with Infrastructure Bonds which will be similar to IDFC and L&T Infra, introduces with Tax benefit (Additional Rs.20,000 Tax Exemption under Section 80CCF)

Bond Features:
  • Term: 10 years
  • Minimum lock in period: 5 years
  • Loan on Bond: After 5 years
  • Interest Rate: 7.85%-7.95% after tax.
  • Exit options: Buy back or through Demat account
  • Open for Individual or HUF.
To Apply Infra Bonds on time, Register your self here: LIC Infra Bonds

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