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.
from where I can purchase the infrastructure bond of LIC and what is the launching date of LIC infrastructure bond and when i can purchase it?
Pls send me the application form for LIC Infrastructure bonds and how & where to apply for it.
I like to buy lic infra bonds.
when I can puchase the same?
Is it necessary to have a Demat Account?
Regards
PLEASE SEND ME THE APPLICATION FORM AND DETAILS OF LIC’S LONG TERM INFRASTRUCTURE BOND WHEN IT IS LAUNCHED.
Dear Sir,
i want some detail for lic infr.bond 2010,can we invest it scheam without demat account,please give me a form on my add.
AKHIL KUMAR SONI
196/2,GURGUJ,NEAR SBI
BHARUWASUMERPUR
DISTT-HAMIRPUR
UP-210502
Kindly keep me posted about the issue of Infra-structure Bonds by LIC.
This LIC infra bond is seperated from normal savings (LIC premiem+Bank Deposits+PO deposits)==1 Lakh, Is it right?
How do i get invest into LIC infra bond. Is i need to contact LIC agents and some other agents? Please reply..
Thanks,
Arun
Is there any way that we can take bond without having a demat account ???
Thanks,
Prabhat
Please let me know when LIC Infrastructure bond will come for investment, for tax saving purpose over & above 1 lakh.
Rgds,
Prabhat
I missed the IDFC, SBI and L&T infra bonds due to various reasons. Please let me know once this one is opened. I also registered my email on the Feedburner on the left.
Thanks,
Uday