Recently three more companies have come up with the Tax Free Bonds Issues.All the companies are Govt / semi Govt companies & interest received annually will be free from income tax.
Details of these Tax Free Bond Issues are as follows:
National Housing Bank Tax Free Bonds:
- Issue Open Date:March 11 , 2013
- Issue Close Date:March 15, 2015
Interest Rates:
| Tenure | 10 Yrs |
| Interest rates for Category IV Investors applying upto 10 Lakh | 7.32% |
| Coupon rate for others | 6.82% |
| Issue Price | Rs.10,000/- |
| Min Application | One Bond |
| Coupon payment Rate | Annually |
JNPT – Javaharlal Nehru Port Trust – Tax Free Bonds:
- Issue Open Date:March 11, 2013
- Issue Close Date:March 15, 2013
| Tenure | 10 Yrs |
| Interest rates for Category IV Investors applying upto 10 Lakh | 7.32% |
| Coupon rate for others | 6.82% |
| Issue Price | Rs.1,000/- |
| Min Application | Five Bonds |
| Coupon payment Rate | Annually |
Dredging Corporation Of India – DCI Tax Free Bonds:
- Issue Open Date:March 07, 2013
- Issue Close Date:March 15, 2013
| Tenure | 10 Yrs |
| Interest rates for Category IV Investors applying upto 10 Lakh | 7.47% |
| Coupon rate for others | 6.97% |
| Issue Price | Rs.1,000/- |
| Min Application | FIve Bonds |
| Coupon payment Rate | Annually |
So,all above tax free bond issues are available for 10 years & as all above are Govt owned companies we can consider high safety for all above issues.
