Tax Free Bonds from IIFCL

India Infrastructure Finance Company Limited (IIFCL) Tax Free Bonds IPO opens on 26/12/2012.

Allotment on first come first serve basis. Interest rates for retail investors -7.90% for 20 years, 7.86% for 15 years & 7.69% for 10 years. Retail investors can apply up to Rs.10 lacs. 11.43% post tax return for investors in the 30.90% tax bracket. "AAA" rated by CRISIL, ICRA & BWR.

Remember, Tax Free Bonds can be subscribed in Demat route also.

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