IFCI Tax Saving Infrastructure Bonds Series III

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Government of India has once again authorised IFCI to issue Long Term Infrastructure Bonds carrying tax benefits under Section 80 CCF of Income Tax Act,1961 upto an investment of Rs.20,000/- during the FY 2011-12.

IFCI has opened Series III Issue of Tax Saving Infrastructure Bonds on September 21, 2011 which is scheduled to close on November 14, 2011 (unless decided to pre-close).There are four options for investment and the key highlights of the Issue are as under:

10 Years	10 Years	15 Years	15 Years
Cumulative	Annual	Cumulative	Annual
8.50 % p.a.	8.50 % p.a.	8.75 % p.a.	8.75 % p.a.
Buyback option at 5th and 7th year end		Buyback option at 7th, 10th,and 12th  year end
1.  Bonds can be applied for in physical or dematerialised form  2.  The face value and Issue price per bond is Rs. 5,000/-  3.  Bonds shall be listed on Bombay Stock Exchange (BSE)  4.  There is lock-in period of 5 years after which they can be traded/transferred

We look forward to your investment in the above Issue.  Please note that Only Resident Indian Individals (major) / HUF can apply.