Mar 2, 2012


  • The income by way of interest on these Bonds is exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act.
  • There will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors.
  • Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.
  • REC. Consistently rated “Excellent” in terms of performance by GOI since Fiscal 1994 Rated, "AAA‟ by CRISIL,CARE, ICRA & Fitch
  • The standalone loan assets have grown at a CAGR of 27.16% from Rs. 31,262.2 Crores in Fiscal 2007 to Rs. 81,725.5 Crores in Fiscal 2011 As on September 30, 2011, standalone Networth and Total Assets stood at Rs 14,074.85 Crores and Rs. 93,086.68 Crores respectively
Issue Structure:
Issue Opening Date: March 6, 2012
Issue Closing Date: March 12, 2012.
Instrument: Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures Mode of Allotment^ Only in Dematerialised Form
Trading: Compulsorily in dematerialized form Issue Size Rs 1500 Crore with an option to retain oversubscription upto an aggregate amount of Rs 3000 Crore
Credit Rating: “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE, “[ICRA] AAA” by ICRA & “Fitch AAA (Ind)by FITCH
Tenor/Redemption Date: 10 Years and 15 Years from the deemed date of allotment

  1. Individual and HUF applicants applying for any amount up to Rs.5 Lac will be classified under Retail Category
  2. Individual and HUF Applicants applying above Rs.5 Lac will be classified under HNI Category.
  3. NRI applicants are not allowed

Term of Issue  (Tentative )

Face Value
Minimum Application
5 bond or 5000
10 yr
15 yr
Aggregate Coupon Rate for Category-III Applicants (% p.a.)
Application upto 1 Lakh (Retail & HUF)
Coupon Rate for Category-I, II and III
Applicants (% p.a.)
App. more than 1 Lakh ( QIB, HNI, Corp)
Interest Payment
Payble  Annually Only
Demant only

*** Retail Investor can apply for only 5 lakh (limit restated by SEBI)
Allotment Basis :  on first come first serve basis to be determined on the basis of date of receipt of application duly acknowledged by Banker to the Issue
To apply for TAX FREE BOND, Kindly indicate your interest on by Calling us at 0-9818269396, or email at (Mention your name, mobile & City). We shall send you the Soft / Hard copy of application forms. 

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