LIC Infrastructure Bonds:
If you are a taxpayer then you can save more tax by investing in LIC Infrastructure Bonds. Additional Rs.20,000 Tax Exemption under Section 80CCF.
LIC Infrastructure Bond at Glance:
- Term: 10 years
- Minimum lock-in period: 5 years
- Loan on Bond: After 5 years
- Interest Rate: 7.85%-7.95% after tax.
- Exit options: Buyback or through Demat account
- Open for Individual or HUF.
Any individual or HUF can invest in LIC’s Infrastructure Bonds Between Rs.5000 – Rs.20,000/- This will be over the Rs.1 lakh deduction allowed under Section 80C.
Tax Benefit example:
If you are in the highest taxpayers bracket of 30% can save an additional Rs 6,000 and if you happen to fall in the lower tax bracket then you can still save Rs.2,000/- by investing in LIC infrastructure bonds this financial year.
LIC infrastructure bonds not only offer capital safety but also offers fixed returns through ECS.
Term:
The infrastructure bonds will have a maturity of 10 years and a lock-in period of 5 years.
After the lock-in period is over, you can ask the issuer (LIC) to buy back bonds Or you can trade these bonds in the stock Exchange.
You should have a Demat account to invest in infrastructure bonds but it’s optional. You can get the infra bond in physical form too.
Apart from LIC, Infrastructure bond is also offered by following companies:
Industrial Finance Corporation of India (IFCI),
Infrastructure Development Finance Company (IDFC) IDFC Infrastructure bond and
Non-Banking Finance Company (NBFCs) who are classified as an infrastructure finance company by the Reserve Bank of India (RBI)
Life Insurance Corporation of India (LIC)
This bond will boost the infrastructure projects in India and at the same time, you will get tax benefits and a good return. So help India grow.
Note:
The above is the product summary giving the key features of the Bond. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.
i am agent for LIC & United India Insurance. I want to take up agency for Insfrastrture Bonds. How I do that
i AM AGENT FOR LIC AND UNITED INDIA INSURANCE. I WANT TO TAKE AGENCY FOR Infrastructure Bonds; help me to whom contact
Plz. infom whether any infrastruture bond available under any PSU/ LIC/ SBI. for 2013.
I want to purchase 20000/ infrastructure bond of LIC for80ccf.plz mail opening Date & closing date of infrastructure bond & invest Process
Please send details to my mail id
i want to buy lic infrastructure bond,please advise me how to buy & from where?
biplab kr saha/9903208798
pallisree,sodepur,
kolkata700110
What are the options available under Infra Bonds? I need to save Rs.2,000/- p.m. during FY 2012-13.
I need to save atleast Rs.2,000/- per month. What options under Infra Bonds are available? This is for FY 2012-13.
I want to known the Infrastructure Bound how it is treated for calculation for Income Tax. Whether it is deducted in 80CC and within the limit Rs.1,00,000/- nor more than that please help me in this.
Thanks,
Anitha
sir
can i purchase online lic bond or hdfc or icici
Regards
i would like to take lic bonds, please let me know when it will be launched.