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Personal Finance Blog India –

L&T Tax Saving Infrastructure Bonds Nov.2011:


L&T has come up with issue of tax saving infrastructure bonds Tranche 1.This issue will carry tax benefits U/S. 80CCF upto Rs. 20,000/-.

Issue Details:

  • Open Date: 25th Nov. 2011.
  • Issue Close Date: 24th Dec.2011.

Interest Rate:

Interest rate offered by issue is 9%.

Investor can choose to take annual interest payment as well cumulative at the end of bond maturity or buy-back period.

 

  • Lock in period is as usual of 5 yrs.
  • Face value of bond is Rs.1000/-.
  • Bonds will be listed at BSE and can be traded only after lock in period of 5 yrs.
  • Buy-back date: First working day after completion of 5 yrs.and first working day after completion of 7 yrs.
  • Documents required to apply are as usual i.e.Self attested pan card,address proof and cancelled copy of cheque for physical mode and self attested pan card for demat mode.
  • A/C pauee Cheque should be made in favor of “L&T Infra Bonds 2011B” .
I am Pune based sub-broker of the issue.If you want application form at your e-mail address email me on:  ppdeshpande123@gmail.com.

Category: Fixed Income

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