{"id":1211,"date":"2012-01-02T14:42:02","date_gmt":"2012-01-02T14:42:02","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=1211"},"modified":"2012-03-18T07:42:53","modified_gmt":"2012-03-18T07:42:53","slug":"seri-tax-saving-infrastructure-bond-details-review","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/seri-tax-saving-infrastructure-bond-details-review\/","title":{"rendered":"SERI Tax Saving Infrastructure Bond – Details & Review"},"content":{"rendered":"

\"seri<\/a><\/p>\n

If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum.<\/p>\n

The table below gives the details of the issue:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Face Value<\/td>\nRs. 1,000\/- per bond<\/td>\n<\/tr>\n
Minimum Application<\/td>\nRs. 1,000\/- (i.e. 1 Bond)<\/td>\n<\/tr>\n
Issue Schedule<\/strong><\/td>\nIssue Open Date : December 31,2011<\/strong><\/p>\n

Issue Close Date : January 31, 2012<\/strong><\/p>\n<\/td>\n<\/tr>\n

Options for Subscription<\/strong><\/td>\n1<\/strong><\/td>\n2<\/strong><\/td>\n3<\/strong><\/td>\n4<\/strong><\/td>\n<\/tr>\n
Frequency of Interest Payment<\/td>\nAnnual<\/td>\nCumulative<\/td>\nAnnual<\/td>\nCumulative<\/td>\n<\/tr>\n
Coupon (% p.a.)<\/strong><\/td>\n8.9 % p.a.\u00a0<\/strong><\/td>\n8.9 % p.a.\u00a0(Annual compounding)<\/strong><\/strong><\/td>\n9.15 % p.a.<\/strong><\/td>\n9.15 % p.a.\u00a0(Annual compounding)<\/strong><\/strong><\/td>\n<\/tr>\n
\u00a0Maturity Amount<\/strong><\/td>\nRs. 1<\/strong>,000\u00a0<\/strong><\/td>\nRs. 2,346.73<\/strong>\u00a0<\/strong><\/td>\nRs. 1<\/strong>,000\u00a0<\/strong><\/td>\nRs. 3,718.40<\/strong><\/td>\n<\/tr>\n
Tenor<\/strong><\/td>\n10 years<\/strong><\/td>\n10 years <\/strong><\/td>\n15 years <\/strong><\/td>\n15 years<\/strong><\/td>\n<\/tr>\n
Buyback option<\/td>\nAt the end of 5 yrs+ 1 day<\/td>\nAt the end of 5 yrs+ 1 day<\/td>\nAt the end of 5 yrs+ 1 day<\/td>\nAt the end of 5 yrs+ 1 day<\/td>\n<\/tr>\n
Maturity Amount (5 Yrs Buyback)<\/td>\nRs. 1,000<\/td>\nRs. 1,531.58<\/td>\nRs. 1,000<\/td>\nRs. 1,549.54<\/td>\n<\/tr>\n
Lock-in period<\/td>\n5 years from the deemed date of Allotment<\/td>\n<\/tr>\n
Issuance & Trading<\/td>\nBonds shall be issued both in dematerialised form and physical form. However, trading allowed only in dematerialised mode after the expiry of Lock-in Period of 5 yearsWould be listed on BSE only<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The returns of SERI\u00a0Infrastructure Bond is comparable to REC<\/a>\u00a0& IFCI<\/a> Infra bonds and you have an option to invest in any of the three. But still I would prefer Government backed companies – REC & IFCI given that everything else is same.<\/strong><\/p>\n

You can read about yields and other details about infrastructure bonds here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum. The table below gives the details of the issue: Face Value Rs. 1,000\/- per bond Minimum Application Rs. 1,000\/- (i.e. 1 Bond) Issue Schedule […]<\/p>\n","protected":false},"author":1,"featured_media":1212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[31,30,32,63,6],"tags":[2813,414,34,498,497,269,270,36,2808],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012.png",1182,890,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012-300x225.png",300,225,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012.png",768,578,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012-1024x771.png",1024,771,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012.png",1182,890,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012.png",1182,890,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/01\/seri-infrastructure-bond-2012.png",120,90,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum. The table below gives the details of the issue: Face Value Rs. 1,000\/- per bond Minimum Application Rs. 1,000\/- (i.e. 1 Bond) Issue Schedule…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1211"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=1211"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/1212"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=1211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=1211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=1211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}