IFCI Tax saving bonds closing on November 14, 2011

Last few days are left before the Closure Date of the Series III Issue of Tax Saving Infrastructure Bonds of IFCI Limited that opened on September 21, 2011 (scheduled to close on November 14, 2011 - unless decided to pre-close). 

The Long Term Infrastructure Bonds carry tax benefits under Section 80 CCF of Income Tax Act, 1961 up-to an investment of Rs.20,000/- during the FY 2011-12. The four options available for investment and other key highlights of the Issue are as under :

Option I	Option II	Option III	Option IV
10 Years	10 Years	15 Years	15 Years
Cumulative	Annual	Cumulative	Annual
8.50% p.a.	8.50% p.a.	8.75% p.a.	8.75% p.a.
Buyback option at 5th and 7th year end		Buyback option at 7th, 10th and 12th  year end
1.   Bonds can be applied-for in physical or dematerialized form 2.   The face value and Issue price per bond is Rs. 5,000/- 3.   Bonds shall be listed on Bombay Stock Exchange (BSE) 4.   There is lock-in period of 5 years after which they can be traded/transferred 5.   Only Resident Indian Individuals (major) / HUF can apply.

For further details including downloading of the Application Form, Information Memorandum etc., you may visit the website www.ifciltd.com or click at http://www.ifciltd.com/IFCIBonds/InfrastructureBonds/CurrentIssue/tabid/225/Default.aspx

Should you require any further clarification, feel free to write at infrabonds@ifciltd.com.

Also read : http://timir126.blogspot.com/2010/10/idfc-long-term-infrastructure-bonds-ipo.html