Oct 1, 2010

IDFC Long Term Infrastructure Bonds October 2010

Long term infrastructure Bonds
What are infrastructure bonds?
In 2010, the government introduced a new section 80CCF under the income tax act to provide for income tax deductions for subscription in long-term Infrastructure Bonds. These bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly.

Long term infrastructure Bonds by IDFC

The issue of Infrastructure bonds by IDFC is the first public issue of Long-term infrastructure bonds. These bonds have got a very high rating of LAAA by rating agency ICRA.

Face Value
Rs 5000 per Bond
Minimum number of Bonds per application* Two Bonds and in multiples of one Bond thereafter.
For the purpose of fulfilling the requirement of minimum subscription of two Bonds, an Applicant may choose to apply for two Bonds of the same series or two Bonds across different series. 
Interest payment
Interest  Rate
8.00% p.a.
7.50% p.a.
Maturity Amount per Bond
Rs. 5,000
Rs. 10,800
Rs. 5,000
Rs. 10,310
10 years from the Deemed Date of Allotment
Yield on  Maturity
8.0% compounded annually
7.50% compounded annually
Buyback Facility
Yield on Buyback
7.50% compounded annually
Buyback Amount
Rs. 5,000 per Bond Rs. 7,180 per Bond

Tax adjusted yield to investors

Investment Amount Tax Slabs
Series 1 Series 2 Series 3* Series 4*
30.90% 13.89 12.06 17.19 15.74
20.60% 11.57 10.52 13.41 12.57
10.30% 9.64 9.18 10.23 9.86

Invest in IDFC Bonds Today
  • The bonds don't attract any TDS
  • The interest accrued on the bonds will be credited to the respective bank registered with the demat account through ECS on the due date for interest payment
  • The bonds will be listed on NSE and BSE and can be traded after the 5 year lock-in period
  • Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
  • An investor would need a demat account and pan card to invest in these bonds.
  • The bonds will be issued only to Resident Indian individuals (major) and HUF
  • An applicant may subscribe to all the four options but the minimum application under each option shall be one bond i.e., Rs. 5,000
  • Interest on the bonds shall be payable on annual or cumulative basis depending on the series selected by the bond holders

To Apply for above Schemes, Call: 0-991-000-9312, 0-9873-016-716 | Email: info@safeinvestindia.com

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