Personal Finance Blog India –

IFCI Tax Saving Infrastructure Bonds Series-V :

Industrial Finance Corporation Of India [IFCI] has come up with a next series of tax saving infrastructure bonds.This issue is eligible for tax benefits U/S 80-CCF max upto Rs 20,000/-.There is lock in period of 5 yrs due to tax benefits issue have.

Issue Details:

  • Issue Open Date:Feb 29, 2012.
  • Issue Close Date:March 27, 2012.
Options I(Cumulative) II (Annual) III(Cumulative) IV(Annual)
Tenure 12 Yrs 12 Yrs 15 Yrs 15 Yrs
Interest rates(%) p.a. 8.50 8.50 8.72 8.72
Buy Back facility at end of 5th & 7th Yr 5th & 7th Yr 5th & 10th Yr 5th & 10th Yr
Buy-Back Intimation period Oct 31 to Dec 30 of yrs 2016 and 2018 Oct 31 to Dec 30 of yrs 2016 and 2018

Maturity & Redemption Amount Per Bond (if Buy-back option is exercised):

At the end of 5th Yr (Rs.) 7519/- 5000/- 7595/- 5000/-
At the end of 7th Yr (Rs) 8,851/- 5000/- Not Available N.A.
At the end of 10th Yr N.A. N.A. 11,537/- 5,000/-
Maturity at the end of 12th Yr 13,309/- 5,000/- N.A. N.A.
Maturity at the end of 15th Yr N.A. N.A. 17,524/- 5,000/-

Other Details:

  • Min application amount: 1 Bond or Rs.5,000/-.
  • In case of annual interest payout option,interest will be paid on 31st March of every financial yr from March 2013.
  • Cheque should be drawn in favor of “IFCI Ltd-Infra bond”.
  • Deemed date of alltment : 31st March 2012.



Category: Fixed Income

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