Categories: BondsFixed IncomeInfrastructure BondTax SavingTaxes

Infrastructure Bonds available in February 2012

Infrastructure Bonds - Invest to Save Tax

If you still looking for investing in Infrastructure Bonds for saving income tax in February 2012, you have option from five companies.

IFCI
Rural Electrification Corporation
L&T Infrastructure Finance Company
Infrastructure Development Finance Company (IDFC)
SREI Infrastructure Finance

Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional window to save tax upto Rs 20,000, over and above the Rs One lakh limit already available.

The table below summarizes the options available.

Infrastructure Bonds	Minimum Amount	Interest Rate	Maturity Date	Maturity Amount*	Close Date
IFCI Infrastructure Bond	5,000	9.16%	15 Years	47,740	8-Feb-12
IFCI Infrastructure Bond	5,000	9.09%	10 Years	74,472	8-Feb-12
Rural Electrification Corporation	5,000	9.15%	15 Years	74,368	10-Feb-12
Rural Electrification Corporation	5,000	8.95%	10 Years	47,132	10-Feb-12
L&T Infrastructure Finance Company (Tranche 2)	5,000	8.70%	10 Years	46,060	11-Feb-12
Infrastructure Development Finance Company	5,000	8.70%	10 Years	46,060	25-Feb-12
SREI Infrastructure Finance	1,000	9.15%	15 Years	74,360	6-Mar-12
SREI Infrastructure Finance	1,000	8.90%	10 Years	46,940	6-Mar-12

* Maturity Amount is assuming investment of Rs 20,000 in cumulative scheme till Maturity period of the scheme.

You might want to look here for calculating effective yield and knowing more details of these bonds.

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.