Bonds
This query is : Resolved
Ekta Nainani
(Querist)
24 December 2010
how to invest in infrastructure bonds?
please suggest the procedure and the best available bonds in the market.
please suggest the procedure and the best available bonds in the market.
Aditya Maheshwari
(Expert)
24 December 2010
Currently IFCI bonds only open. Visit their wesite for further details.
24 December 2010
Continuing Adity Ji some more details are hereunder:-
i) IFCI Long Term Infrastructure Bonds - series 11 is now open.
ii) Minimum amount of bond is Rs. 5,000/-
iii) No maximum but 80CCF is limited to Rs. 20,000/-
iv) Maturity - 10 years, but buy back is permitted after 5 years.
v) Interest rate is 8% /8.25%. Income tax will not be deducted from interest.
vi) This issue closes on 31/12/2010.
vii) For full details Pl refer www.ifciltd.com
i) IFCI Long Term Infrastructure Bonds - series 11 is now open.
ii) Minimum amount of bond is Rs. 5,000/-
iii) No maximum but 80CCF is limited to Rs. 20,000/-
iv) Maturity - 10 years, but buy back is permitted after 5 years.
v) Interest rate is 8% /8.25%. Income tax will not be deducted from interest.
vi) This issue closes on 31/12/2010.
vii) For full details Pl refer www.ifciltd.com
Ekta Nainani
(Querist)
29 December 2010
thanks
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