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 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
LIC Infrastructure bonds are not available in this financial year.
I would like to apply for LIC,
PLEASE LET ME KNOW IF AT ALL WILL THE BOND WILL BE LAUNCHED BY LICI? KINDLY GIVE THE DATES AS THE FINANCIAL YEAR IS GOING TO CLOSE SHORTLY.OTHERWISE I WILL GO FOR THE OTHER INSTITUTION AS I WAS WAITINFG FOR LICI ONLY SINCE TRUST THE NAME IS LIC.
I want to buy lic infrastucture bond
Reply at the earliest.
I gat launching date & details of infrastructure bond
I want to buy the L I C Infrastrcture Bond . Plez send me the details , submission date , application form and procedure
Are u going to issue infrastructure bonds in the month of March or February end? I want to buy.
Sorry, LIC wont be able to launch this financial year.
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
saroj
I would like to apply for LIC,
PLEASE LET ME KNOW IF AT ALL WILL THE BOND WILL BE LAUNCHED BY LICI? KINDLY GIVE THE DATES AS THE FINANCIAL YEAR IS GOING TO CLOSE SHORTLY.OTHERWISE I WILL GO FOR THE OTHER INSTITUTION AS I WAS WAITINFG FOR LICI ONLY SINCE TRUST THY NAME IS LIC.
i want to buy lic infrastucture bond
I want to buy LIC Infrastructure Bonds. Plz give me the complete details and the application form of the same.
Regards
Dinesh Kumar Sharma
i want to buy lic infrastucture bond to get rebate from tax, plz give instructions in detail how can i get the same and when..?
sir,
I want to purchase infrastructure bond of LIC . When the issues going to be open and how it is possible to purchase easy
Please inform me the date of launch of LIC Infrastructure Bonds by email earliest so that i can purchase at right time