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 |
- Security: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:
i have apply on jan 20 2012 but still i have not received any advice for allotment and not received refunds.
check the allotment status at above link.
If you have alloted the bonds then don’t think any cause of worry.
Physical certificate will receive in due course.
it’s not show message no data find so now what i can you contact to company or write letter to company and sebi.
First write to issue registrar..they can clarify you about the application status.
contact mails available at:http://beetalfinancial.com/
Where can I get contact/dealer details for REC infra bonds at Bangalore?
sir,
is these infra. Bond are scure investment or having any risk.
Regard’s
varun agrawal
Noida
Any agent/intermidiary for Purchsing Bond at Bangalore
Any agent/intermidiary for Purchsing Bond at Baroda,Gujarat
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.
Yes,May be,,butI do not think IFCI or REC can make any difference.
No. For your kind info, IFCI (Series IV) is offering a better rate and is currently open for subscription till Jan 16th 2011. Please visit http://www.ifciltd.com/IFCIBonds/InfrastructureBonds/CurrentIssue/tabid/227/Default.aspx and keep yourself updated, so we can offer proper advice.
Correction: Open for subsciption till Jan 16th 2012.
Please update yourself.last date of REC is 10th Feb 2012.
REC is better considering overall ratings,not interest rates.
Where can I get contact/dealer details for REC infra bonds at Chennai?
Hi,
Thanks for the information on REC….I recently visited the blog http://www.infrastructurebond.in, which also has mentioned another tax saving investment avenue by the way IFCI Infrastructure Bonds (Series IV).
Thanks,
VR
Hi,You can check IFCI details here also:
http://www.saving-ideas.com/2011/12/ifci-tax-saving-infrastructure-bonds-series-4