IDFC INFRA BONDS

 

IDFC has come out with the TRENCHE I Tax Saving

Long Term Infrastructure Bonds issue.

 

These are Secured, Redeemable and Non-Convertible Bonds with Tax benefits under section 80 CCF of the Income tax Act 1961.

Under section 80CCF of the IT act 1961, you may deduct up to Rs.20,000/ from your total income.

This is besides the Rs.1,00,000/ limit under section 80C.

By investing you may save up to Rs.6,180/ on Tax.

Issue Details

Tranche 1 Bonds Series	1	2
Face Value & Issue price	Rs.5000	Rs.5000
Interest Rate	9%	9%
Interest payment	Annual	Cumulative
Tenure	10 years	10 years
Buyback Facility	Yes	Yes
Lock in Period	5 yrs	5 yrs
Minimum Application	2 Bonds	2 Bonds
Listing	Yes after 5 yrs	Yes after 5 yrs

 

Invest and save tax.

HAAPY INVESTING