IDFC Long Term Infrastructure Bond Tranche I Issue

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Please find attached product note on IDFC Long Term Infrastructure Bond Tranche I Issue.

It opens for subscription on Monday, November 21, 2011 and closes on Friday, December 16, 2011. Please find below the list of categories that can apply for the Issue.

·         Indian nationals resident in India, who are not minors, in single or joint names (not more than three); and

·         Hindu Undivided Families or HUFs, in the individual name of the Karta. The Applicant should specify that the Application is being made in the name of the HUF in the Application Form as follows: “Name of Sole or First Applicant: XYZ Hindu Undivided Family applying through PQR, where PQR is the name of the Karta”. Applications by HUFs would be considered at par with those from individuals.

The investment up to Rs. 20,000 made will be eligible for tax benefits in the year of investment under Section 80 CCF of the Income Tax Act, 1961 (“Tax Benefits”).