Tax Free Bonds from PFC & NHAI

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

PFC & NHAI Tax Free Bonds.

 

The income by way of interest on these Bonds is fully exempt from Income Tax.There will be no deduction of tax at source from the interest, irrespective of the amount of the interest.

 

1.  Power Finance Corporation Ltd

      --------------------------------          

Issue opens on 30/12/2011. 8.20% interest for 10 years and 8.30% for 15 years payable annually. Minimum investment amount Rs.10,000/- and in multiples of Rs.5000/-. Bonds can be held in Physical/Demat mode. Credit Ratings of "CRISIL AAA/Stable" by CRISIL, "ICRA AAA" by ICRA. As allotment is on "First Come First Serve" basis, ensure your application gets banked on 30/12/2011 itself.

 

 

2.  National Highways Authority of India (NHAI)

     ----------------------------------------------  

Issue opened on 28/12/2011.  8.20% interest for 10 years and 8.30% for 15 years payable annually. Minimum investment amount Rs.50,000/- and in multiples of Rs.1000/-. Bonds can be held in Physical/Demat mode. Credit Ratings of "CRISIL AAA/Stable" by CRISIL, "CARE AAA" by CARE and "Fitch AAA(ind) with Stable Outlook" by FITCH. Retail portion (up to Rs.5 lacs) only is accepted where allotment is on proportionate basis.