Monday, January 17, 2011

IDFC Infra bonds - Tranche 2 - January 2011

 IDFC - INFRA BONDS - Extra TAX SAVINGS for EMPLOYEES

Under Section 80 CCF of the I.T. Act, an investor in such infrastructure bonds will be entitled to tax deduction of investments of up to Rs 20,000. The deduction is over and above the Rs 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.


Options
Series I
Series II
Interest Payment

Annual
Cumulative
Minimum Application
2 bonds and in multiples of one bond thereafter
Face Value (Rs. / Bond)

Rs.5,000/-
Rs.5,000/-
Coupon (%) p.a.
8%
N/A
Yield on Maturity (%) p.a.
8.0%

8.0% compounded annually
Maturity

10 years
10 years
Redemption Amount per bond
Rs 5,000
Rs 10,800
Buy back Facility
YES
YES
Buyback Date (from allotment)
5 years
5 years
Buyback Intimation Period
The period beginning not
before 9 months prior to the Buyback Date and
ending not later than 6 months prior to the Buyback Date
The period beginning not
before 9 months prior
to the Buyback Date and
ending not later than 6 months
prior to the Buyback Date
Buy back Amount (Rs)
Rs 5,000 per bond
Rs 7,350 per bond
Buy back Yield (%)
8.0%
8.0% compounded annually

For Corporate Bookings of Infra Bonds in Delhi - NCR Region Call @ 0-9910009312
For more information write to us at info@safeinvestindia.com


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