Personal Finance Blog India –

REC-Tax Saving Infrastructure Bonds 2011-12:

Rural Electrification Corporation(REC) , a Navratna PSU company under ministry of power has come up with a issue of tax saving infrastructure bonds.Details of this issue are as follow:

  • Issue Open date: Dec 19,2011.
  • Issue Close date:Feb 10,2012.
  • Interest rates for different tenor are as follow:
Options 1 2 3 4
Tenor 10 Yrs 10 Yrs 15Yrs 15 Yrs
Interest Frequencey Cumulative Annual Cumulative Annual
Coupon % pa 8.95% 8.95% 9.15% 9.15%
Buy Back date 16th Feb 2017 16th Feb 2017 16th Feb 2019 16th Feb 2019
  • ┬áSecurity:Bonds are unsecured But this is not a great thing considering company financials.
  • Listing:Bonds will be listed both on BSE and NSE.Trading is possible only after completion of lock in period.
  • Issue registrar:Beetal Financial services.
  • Tax Benefit:This issue carries tax benefit U/S 80-CCF max upto investment of Rs.20,000/-.

For more details also refer:

Common queries about tax saving bonds:

80-ccf Tax saving bonds:

Category: Fixed Income


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