Tax Benefit:
Under Section 80CCF of the Income Tax Act 1961, Rs 20,000 per annum subscribed to long term infrastructure bonds shall be deducted in computing the taxable income. This is over and above Rs 1,00,000 tax benefit available under section 80C, 80CCC, & 80CCD.
Benefits as per Tax Slabs:
Invest online through your Demat account or in physical form
To receive physical certificate please attach with Application Form
A cancelled cheque of applicant’s bank account
Self – certified copy of PAN Card
Self – certified copy of proof of residence (any of the following)
Ration Card issued by government authorities
Valid driving license issued by any transport authority of the Republic of India
Copy of electricity bill (not older than 3 months)
Valid Passport issued by Government of India
Valid Identity Card issued by Government of India
Voter Identity Card issued by Government of India
Passbook or latest bank statement issued by a bank operating in India
Salient Fratures of IFCI Long Term Infrastructure Bond Series II
| Issuer | IFCI Limited ("the Issuer") |
| Offering | 2,00,000 Unsecured, Redeemable, Non-Convertible Bonds of Rs. 5,000/- each aggregating to Rs. 100 Crore with a green-shoe option to retain over-subscription for issuance of additional Infrastructure Bonds |
| Type | Private Placement basis |
| Instrument | Unsecured, Redeemable, Non-Convertible Bonds Series II having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds |
| Rating | BWR AA- by BRICKWORK RATINGS INDIA PVT LIMITED |
| Eligible Investors | Resident Indian Individual (Major) and HUF through Karta of the HUF |
| Security | Unsecured |
| Face Value | Rs. 5,000/- per bond |
| Issue Price | At par (Rs. 5,000/- per bond) |
| Minimum Subscription | 1 Bond and in multiples of 1 Bond thereafter, |
| Tenure | 10 years, with or without buyback option after five years |
| Options for Subscription | The Bonds are offered under the following 4 options- • Option I - Non-cumulative and Buyback after 5 years • Option II - Cumulative and Buyback after 5 years • Option III - Non-cumulative and no Buyback • Option IV - Cumulative and no Buyback |
| Redemption / Maturity | At par at the end of 10 years from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon. |
| Coupon rate | • Option I & II - 8% p.a. • Option III & IV - 8.25% p.a. Option II and Option IV will have cumulative payment at the end of the Buyback period or 10 years, as per the option opted by the Investor. |
| Listing | Proposed to be listed on BSE |
| Trustee | Axis Trustee Services Limited |
| Depository | National Securities Depository Ltd. and Central Depository Services (India) Ltd. |
| Registrars | Beetal Financial & Computer Services (P) Ltd. |
| Mode of Payment | Interest payment will be made through ECS/At Par Cheques/Demand Drafts |
| Issuance | Demat form. But, investors interested for physical form may provide a cancelled cheque, self-certified copies of PAN Card and residential proof |
| Trading | Demat mode only following expiry of lock-in period |
| Issue Open Date | November 16, 2010 |
| Issue Close Date | December 31, 2010 • The issuer would have the right to pre-close the issue or extend the closing date by giving 1 day notice to the Arrangers |
| Deemed Date of Allotment | January 31, 2011 |
| Buyback dates | January 31 every year commencing from year 2016 till year 2020. |
Under Section 80CCF of the Income Tax Act 1961, Rs 20,000 per annum subscribed to long term infrastructure bonds shall be deducted in computing the taxable income. This is over and above Rs 1,00,000 tax benefit available under section 80C, 80CCC, & 80CCD.
Benefits as per Tax Slabs:
®Slab 10.3% - Tax Benefit 2,060 ®Slab 20.6% - Tax Benefit 4,180 ® Slab 30.9% - Tax Benefit Rs 6,180
Invest online through your Demat account or in physical form
To receive physical certificate please attach with Application Form
A cancelled cheque of applicant’s bank account
Self – certified copy of PAN Card
Self – certified copy of proof of residence (any of the following)
Ration Card issued by government authorities
Valid driving license issued by any transport authority of the Republic of India
Copy of electricity bill (not older than 3 months)
Valid Passport issued by Government of India
Valid Identity Card issued by Government of India
Voter Identity Card issued by Government of India
Passbook or latest bank statement issued by a bank operating in India
Salient Fratures of IFCI Long Term Infrastructure Bond Series II
Issuer | IFCI Limited ("the Issuer") |
Offering | 2,00,000 Unsecured, Redeemable, Non-Convertible Bonds of Rs. 5,000/- each aggregating to Rs. 100 Crore with a green-shoe option to retain over-subscription for issuance of additional Infrastructure Bonds |
Type | Private Placement basis |
Instrument | Unsecured, Redeemable, Non-Convertible Bonds Series II having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds |
Rating | BWR AA- by BRICKWORK RATINGS INDIA PVT LIMITED |
Eligible Investors | Resident Indian Individual (Major) and HUF through Karta of the HUF |
Security | Unsecured |
Face Value | Rs. 5,000/- per bond |
Issue Price | At par (Rs. 5,000/- per bond) |
Minimum Subscription | 1 Bond and in multiples of 1 Bond thereafter, |
Tenure | 10 years, with or without buyback option after five years |
Options for Subscription | The Bonds are offered under the following 4 options- • Option I - Non-cumulative and Buyback after 5 years • Option II - Cumulative and Buyback after 5 years • Option III - Non-cumulative and no Buyback • Option IV - Cumulative and no Buyback |
Redemption / Maturity | At par at the end of 10 years from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon. |
Coupon rate | • Option I & II - 8% p.a. • Option III & IV - 8.25% p.a. Option II and Option IV will have cumulative payment at the end of the Buyback period or 10 years, as per the option opted by the Investor. |
Listing | Proposed to be listed on BSE |
Trustee | Axis Trustee Services Limited |
Depository | National Securities Depository Ltd. and Central Depository Services (India) Ltd. |
Registrars | Beetal Financial & Computer Services (P) Ltd. |
Mode of Payment | Interest payment will be made through ECS/At Par Cheques/Demand Drafts |
Issuance | Demat form. But, investors interested for physical form may provide a cancelled cheque, self-certified copies of PAN Card and residential proof |
Trading | Demat mode only following expiry of lock-in period |
Issue Open Date | November 16, 2010 |
Issue Close Date | December 31, 2010 • The issuer would have the right to pre-close the issue or extend the closing date by giving 1 day notice to the Arrangers |
Deemed Date of Allotment | January 31, 2011 |
Buyback dates | January 31 every year commencing from year 2016 till year 2020. |
