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.
Please send me the details of LIC infrastructure bonds as soon it is launched.
Thanks
Need information on LIC Infrastructure Bonds
Do belive LIC to have a good return(%) apart from tax benifite. Plz. sned the details to proceed further.
Pls send me the form for infrastructure bonds. I want to invest about Rs. 20000/- in these.
Thanks
If lic can issue infrastrure bonds in next month
details of infrastrcutre bonds
we are interested in lic infrastrstrure bonds
we are interested in infrastructure bonds
hey,
can anyone tell me that :-
1. If i want to invest my money in infrastructure bonds, can i chose the way my woney will float, i.e. in which sector i have to invest my money that will be decided by me or by you people.
2. If after five yrs i want to withdraw my whole money what wil be the total amount refunded to me , incase if I invest Rs. 20000 in it
Thanks & Regards
pl send me Details of LIC INFRA BONDS – scheme? Details and application form for purchase required.