Safe investments with special benefits

Update on safe investment options with very special benefits.

 

1.  HUDCO Tax Free Bonds - IPO open and closes on 22/01/2013

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Retail investors - 8.01% interest for 15 years & 7.84% for 10 years. Retail investors can apply up to Rs.10 lacs. "CARE AA+" rating by CARE and "IND AA+" rating by IRRPL. Bonds can be held in Physical or in Demat mode. NRIs also can invest.

2.  FD schemes from Government Companies with Income Tax benefit :

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Invest up to Rs.1,00,000/- and avail tax benefit up to Rs.30,900 u/s.80-C.

Company Name	Rate of Interest	Addl. Interest for Senior Citizens	Rating	Lock-in period
NHB Suvriddhi	9.25%	0.60%	CRISIL "FAAA"	5 years
HUDCO	9.00%	0.25%	"CARE AA+(FD)"	5 years

 

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