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Personal Finance Blog India –

IFCI-Tax Saving Infrastructure Bonds Series-4:


IFCI has now come up with next round of infrastructure bonds with slightly better interest rates than current IDFC and L&T issue.

Issue Details:

  1. Issue Open Date: 30th Nov.2011.
  2. Issue Close Date:08th Feb.2012.
Options 1 2 3 4
Cumulative Annual Interest Cumulative Annual Interest
Tenor 10 Yrs 10 Yrs 15 Yrs 15 Yrs
Interest Rates 9.09% 9.09% 9.16% 9.16%
Buy Back End of 5th/7th Yr End of 5th/7th Yr End of 5th/10th Yr End of 5th/10th Yr.
  • ¬†For buy back,intimation needs to be given to registrar.For option 1 and 2 ,intimation period is sept 15th to Nov.14th of 2016 and 2018.For options 3 and 4,intimation period is 15th sept and 14th Nov of 2016 and 2021.
  • Allotment date: 15th Feb 2012.
  • Interest payment will be on 15th Feb each year.
  • Rest details are similar to earlier issue.

To View how to download application form please CLICK HERE

 


Category: Fixed Income

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