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 WANT TO INVEST IN INFRASTRUCTURE BOND
I want to invest in lic infrastructure bond
Please send to me three application form:-
SHAH NILESH KUNJABIHARI
C/O ANITA INDUSTRIES
NEAR MARKET YARD
S.NO 246/1+2 NR MARKET YARD
BHIKABHAI MORARJI COMPOUND
NANDURBAR (MAHARASHTRA)
DIST NANDURBAR
Please send me also an application form when it’s available.
Thanks in advance.
Regards,
Sanjay
Sure
please send a form of lic infrastrucure bond for subscription
Please let me know when LIC Infrastructure bond will come for investment, for tax saving purpose over & above 1 lakh, as stated by the government in the budget 2010
Ok I will send the details to all the person who has subscribed through feedburner. If any one want to receive the follow up details then they can join through feedburner on left had side. Just enter the email address and you are done.
will demat account be compulsary for investing in infra bonds.pl.also send form when it will released.
May or may not.. I will let you know when the bond is launched.
I am in need of an application form for the infrastructure bond of LIC.
please send details with prospectus and application form
I am in need of an application form for the infrastructure bond of LIC.which is save tax under 80ccf and give detail of bond
send all details about lic infra strucure bond i.e hw to buy,application form