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Infrastructure Development finance Company(IDFC) Ltd has come with infrastructure bond-tranche-1 issue for financial year 2011-12.This issue carries tax benefit u/s 80ccf maximum upto Rs.20,000/-.Summay and key points of this issue are as follows:

1.Issue Open Date: 21st Nov.2011.

2.Issue Close Date: 16th Dec.2011

3.Face Value: Rs.5000/- per bond.

4.Mode of hoding: Demat or Physical.

Interest Rates:

• Credit Rating: “AAA” From ICRA and FITCH.
• Registrar of Issue: Karvy Computershare Pvt. Ltd.
• Lock in period is five years from date of allotment.
• Buy Back facility is available.
• Buy Back Intimation period:The period begining not before nine months prior to buyback date and ending not late than 6 months prior to buy back date.
• Maturity value per bond on maturity for cumulative mode after 10 yrs: Rs.11840

Interest rate is only the changing factor from previous PFC and IFCI issues.Otherwise issue is identical.IDFC is offering 0.5% extra than previous issues and it will offer nearly Rs.700 more maturity value over period of 5 year per Rs.20000 investment.

 How to Apply for IDFC Infrastructure Bonds:

1.Find a local dealer and submit application to him.

2.If you do not find anyone in your city,Send request of application form to me at email:ppdeshpande123@gmail.com .I can send you application form to your e-mail address.You can submit form in your city,if collection centre is available in your city.List of collection centres is available in application form.

3.I can provide the support in future if there is any problems related to the bonds.

Following documents are required to attach alongwith application form:

Physical mode:

1.Self attested address proof and self attested pan card.

2.Copy of cancelled cheque.Take a blank cheque and scratch it and write CANCELLED over it.It is required for verification of bank account no,MICR code and IFSC code by the registrar.

3.A/C payee cheque.

Demat Mode:

1.Self attested pan card.

2.AC payee cheque.

3.Properly fill DP ID/Client ID details.

For collection centres across Mumbai,Chennai And Banglore CLICK HERE