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 required 20000/ infrasturcture bond of LIC for80ccf.plz mail opening Date & closeing date of infrasturcture bond & invest Proccess
Also inform whether LIC is going to launch Infra bonds this financial year 2011-12, Kindly reply immediately.
Regards
Purujeet
I required 20000/ infrasturcture bond of LIC for80ccf.plz mail opening Date & closeing date of infrasturcture bond & invest Proccess.
Also confirm whether during the financial year 2011-12, LIC will launch or not.
Regards
Purujeet
email id : purujeet_mallick@yahoo.com
I want to purchase one LIC OR any other Infrastructure Bond which saves Rs 20000/- U/S 80 ccf or so at once. Mobile No 9830570787.
I required 20000/ infrasturcture bond of LIC for80ccf.plz mail opening Date & closeing date of infrasturcture bond & invest Proccess.
plz sent detail my mail and mobile
Cell:9908732252
I want purchase lic infrastructur bond
I required 20000/ infrasturcture bond of LIC for80ccf.plz mail opening Date & closeing date of infrasturcture bond & invest Proccess.
plz sent detail my mail and mobile
For investing in Infrastructure bonds in Chennai, Please contact 98402 88233
I want information on LIC Infrastructure bonds & Last date for purchase
iam from chennai,Lic cheif life insurance advisor, any one need tax savings services and other Insurance services pls ask me. 9840047520
nagarajvlic@gmail.com
I want to buy long term infrstructure bonds for Tax saving purpose. Please tell me where and when they will be available.
Its not available yet.. You can try IDFC or any other company for infra bond.