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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

Tagged:

17 Responses

  1. MASHAH says:

    i have apply on jan 20 2012 but still i have not received any advice for allotment and not received refunds.

  2. Mahendiran.T says:

    Where can I get contact/dealer details for REC infra bonds at Bangalore?

  3. varun says:

    sir,
    is these infra. Bond are scure investment or having any risk.
    Regard’s
    varun agrawal
    Noida

  4. Rabin Pal says:

    Any agent/intermidiary for Purchsing Bond at Bangalore

  5. harish panigrahi says:

    Any agent/intermidiary for Purchsing Bond at Baroda,Gujarat

  6. Though the interest rate is slightly lower than IDFC/IFCI but it seems those who missed earlier, REC is the only choice as of now.

  7. Debashis says:

    Where can I get contact/dealer details for REC infra bonds at Chennai?

  8. Vishwnath Rao says:

    Hi,
    Thanks for the information on REC….I recently visited the blog,{ Blog name removed by Author as there was a malware warning against the blog name} which also has mentioned another tax saving investment avenue by the way IFCI Infrastructure Bonds (Series IV).
    Thanks,
    VR

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