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 detail’s of INFRASTRUCTURE BOND.PLS reply.
i have waited till middle of feb 2011 for investment in LIC infra bond,but now i went to know it will not launched this year.
Please suggest me where i will invest in infra sector.
What are the procedure?
Thanks for below reply from Rishiraj and its just shocking news that LIC instrastructure bonds would not be there for this financial year,
But again thanks that Rishiraj had given contact number for Pune city for investing in L & T and IIFCL infrastructure bonds; but Let me know procedure for this investment – where to submit this form and whether DMat account is needed for this investment etc.
Thanks,
Puranik
Rishiraj Said,February 16th, 2011 @11:58 pm LIC infrastructure bonds would not be there for this financial year.
however there are L&T infrastructure bonds & IIFCL infrastructure bonds which are available currently.
for details and subscription in PUNE contact on -9762847432
IIFCL – Issue closes on 6th March 2011
L&T – Issue closes on 7th March 2011
LIC infrastructure bonds would not be there for this financial year.
however there are L&T infrastructure bonds & IIFCL infrastructure bonds which are available currently.
for details and subscription in PUNE contact on -9762847432
IIFCL – Issue closes on 6th March 2011
L&T – Issue closes on 7th March 2011
PL GIVE ME GUIDELINE ABOUT LIC INFRASTRUCTURE BOND
PLEASE
Navnath Pasalkar
Not available in this financial year.
Sir,
I want to buy the L I C Infrastrcture Bond . Please send me the details , submission date , application form and procedure of sending at the earliest. My salary is 5.10 lakh per annam. Savings PF: 52000 pa, PPF: 5000 pa, LIC: 41000, Home Loan (Principle): 25000 pa.
with regards
saravanan m
Sir,
I want to buy the L I C Infrastrcture Bond . Plez send me the details , submission date , application form and procedure of sending
at the earliest.
with regards
LIC Bond issue is not come this year so all of you can buy L & T Bond
EXTRA TAX SAVING 20,000 BY REC INFRA BOND,NOW OPEN. TO AVAIL PL.CONT. A.K. SINGH ON PH.011-22482985 M. 9311099558. FOR DOOR STEP SERVICE
if any body required Infra Bonds processing, please call me at 9241545354 (for bangalore only)
pls. provide me the date of issue of LIC infra bond and also from where we can get application form and apply for the same.