Saving-Ideas.com

Icon

Personal Finance Blog India –

PFC Tax Free Bonds Feb 2013:


Power Finance Corporation – PFC – leading financial institution on India focused on power sector will issue tax free bonds as detailed below.

Issue Size:

Rs.100/- Crore with option to retain oversubscription up to shelf limit of 3890.25 crore.

Important Dates:

  • Issue Open Date: Feb 18, 2013.
  • Issue Close Date: Mar 15, 2013.

Credit Rating –

AAA by CRISIL,ICRA,CARE.

Min application amount: Rs.5000/- OR min 5 bonds.

Interest Rates:

Options

TrancheII-Sr 1

Tranche-II-Sr-2

Tenure

10 Years

15 Years

Interest Rates for Category IV Investors *

7.38%

7.88%

Interest Payment frequency

Annual

Annual

* Category IV investors – Resident Indian individuals / HUFs through karta applying up to Rs. 10 lakh aggregating across all series.

Rest,investors can opt for physical or demat mode and interest received will be free from income tax under section 10 (15) (iv) (h) of IT act.


Category: Fixed Income

Tagged:

Leave a Reply

Advertisement:

Categories

Categories

Blog Archives

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Blog Author

Blog Author

Who's Online

8 visitors online now
1 guests, 7 bots

Disclaimer

Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
8 visitors online now
1 guests, 7 bots, 0 members
Max visitors today: 14 at 12:43 am UTC
This month: 40 at 11-17-2017 12:27 pm UTC
This year: 56 at 02-27-2017 10:53 am UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!