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.
Hi,
Is LIC launched Infrastructure bond? If not, do you know when they are coming with this bond?
Thanks for providing informative message in your site.
I am interest in LIC Infrastructure bonds pls. provide m the details, such as
How much tax will be deducted from Interest payment.
What is the Interest rate inclusive of Tax .
Is the interest compounded or fixed
The bonds maturity value is fixed or it depends upon the interest rate prevailing at the time of maturity.
Reply
Please send me four forms of LIC INFRASTRUCTURE BOND at the following address:
S.P.GUPTA
IX 3038
DHARAM PURA,
GALI NO.2
GANDHI NAGAR
DELHI-110031
Dear Sir/Madam,
You are requested to please send te LIC Infrastructor bond details and application from if the bond has launch
Best Regards
Dinesh Kumar
I am interested in investing in Infrastructure bonds. Please contact me at nine nine eight zero five two six four seven five..
I am intrested in infrastucture bond, Pl. give details.
I am in need of an application form for the infrastructure bond of LIC.
Will send you an application form when its available.
Please send details when is launched. Send Prospectus and application form
is infrastr bond launched under lic
will demat account be compulsary for investing in infra bonds?