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 Prosiser
I required 20000/ infrasturcture bond of LIC for80ccf.plz mail opening Date & closeing date of infrasturcture bond & invest Prosiser
I would like to bye /invest in infrastructure bonds to save tax upto 20000. Suggest me how.
sir,
i am one of the govt. employee and interested to purchase lic bond. i had demate account and pan card.but shall i purchase these bond on every month for example 2000/- per month X 12 months ? pl. replay
No this is onetime payment.
EXTRA TAX SAVING 20,000 THROUGH INFRA BOND,JUST GOING TO CLOSE.TO INVEST PL.CONTACT AK SINGH ON PH.22482985 M.9311099558 FOR DOOR STEP SERVICE
Dear Sir,
I am interested to buy infrastructure bond. Hence please provide me a detail regarding how to apply to purchase such bond.
for you kind information i want to state that i have no any Demate account, is it necessary to purchase?
Thanking you.
Please help me to get Tax saving Infrstructures Bond. Call me at 07873054050
LIC’s will issue it in next financial year. You can get from other private firms this financial year.
From where i can purchase infrastrure bonds
how can i purchase an infrastructure bond from LIC
Please send Infrastructure Bond Application for 2010-11, and particulars for its submission urgently.
Thanks
G.Shankar