{"id":658,"date":"2011-10-01T01:04:57","date_gmt":"2011-10-01T01:04:57","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=658"},"modified":"2012-02-16T13:46:45","modified_gmt":"2012-02-16T13:46:45","slug":"save-taxes-with-ifci-infrastructure-bonds-2011","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/save-taxes-with-ifci-infrastructure-bonds-2011\/","title":{"rendered":"Save taxes with IFCI Infrastructure Bonds 2011"},"content":{"rendered":"

\"IFCI<\/a>IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds\u2013Series III. <\/strong>You can invest in the same upto Rs. 20,000 to save tax.\u00a0Below are the details of the same.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0Rating<\/td>\n‘BWR AA-‘ by Brickwork Ratings India Pvt. Limited CARE\u2018A+\u2019 by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by ICRA Limited<\/td>\n<\/tr>\n
\u00a0Face Value<\/td>\nRs. 5,000\/- per bond<\/td>\n<\/tr>\n
\u00a0Minimum Application<\/td>\nRs. 5,000\/- (i.e. 1 Bond)<\/td>\n<\/tr>\n
\u00a0Issue Schedule<\/strong><\/td>\nIssue Open Date : September 21,2011<\/strong><\/p>\n

Issue Close Date : November 14, 2011<\/strong><\/p>\n<\/td>\n<\/tr>\n

\u00a0Options for Subscription<\/strong><\/td>\n\u00a0I<\/strong><\/td>\nII<\/strong><\/td>\nIII<\/strong><\/td>\nIV<\/strong><\/td>\n<\/tr>\n
\u00a0Frequency of Interest Payment<\/td>\n\u00a0Cumulative<\/td>\nAnnual<\/td>\nCumulative<\/td>\nAnnual<\/td>\n<\/tr>\n
\u00a0Coupon (% p.a.)<\/strong><\/td>\n\u00a08.50 % p.a. (Annual compounding)\u00a0\u00a0<\/strong><\/td>\n\u00a08.50 % p.a.<\/strong><\/td>\n\u00a08.75 % p.a. (Annual compounding)<\/strong><\/td>\n\u00a08.75 % p.a.<\/strong><\/td>\n<\/tr>\n
\u00a0Tenor<\/strong><\/td>\n\u00a010 years<\/strong><\/td>\n10 years\u00a0<\/strong><\/td>\n15 years\u00a0<\/strong><\/td>\n\u00a015 years<\/strong><\/td>\n<\/tr>\n
\u00a0Maturity Date<\/td>\nDecember 12, 2021<\/td>\n\u00a0December 12, 2021<\/td>\nDecember 12, 2026<\/td>\nDecember 12, 2026<\/td>\n<\/tr>\n
\u00a0Buyback option<\/td>\n\u00a0Yes<\/td>\nYes<\/td>\nYes<\/td>\n\u00a0Yes<\/td>\n<\/tr>\n
\u00a0Lock-in period<\/td>\n5 years from the deemed date of Allotment<\/td>\n<\/tr>\n
\u00a0Deemed Date of Allotment<\/strong><\/td>\nDecember 12,2011<\/strong><\/td>\n<\/tr>\n
Issuance & Trading<\/td>\n\u00a0Bonds 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 years<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Should you invest in IFCI Infrastructure bond 2011?<\/span><\/p>\n

Rate of interest for PPF is 8% while in IFCI Bond you can lock-in your investment for 15 years at 8.75% interest. I think its the right time to invest in\u00a0IFCI Infrastructure bond Series III.<\/p>\n

Your returns would depend on the tax bracket you are. For details on the same Click here<\/a>.<\/p>\n