Industrial Finance Corporation Of India [IFCI] has come up with a next series of tax saving infrastructure bonds.This issue is eligible for tax benefits U/S 80-CCF max upto Rs 20,000/-.There is lock in period of 5 yrs due to tax benefits issue have.
Issue Details:
- Issue Open Date:Feb 29, 2012.
- Issue Close Date:March 27, 2012.
| Options | I(Cumulative) | II (Annual) | III(Cumulative) | IV(Annual) |
| Tenure | 12 Yrs | 12 Yrs | 15 Yrs | 15 Yrs |
| Interest rates(%) p.a. | 8.50 | 8.50 | 8.72 | 8.72 |
| Buy Back facility at end of | 5th & 7th Yr | 5th & 7th Yr | 5th & 10th Yr | 5th & 10th Yr |
| Buy-Back Intimation period | Oct 31 to Dec 30 of yrs 2016 and 2018 | Oct 31 to Dec 30 of yrs 2016 and 2018 | ||
Maturity & Redemption Amount Per Bond (if Buy-back option is exercised):
| At the end of 5th Yr (Rs.) | 7519/- | 5000/- | 7595/- | 5000/- |
| At the end of 7th Yr (Rs) | 8,851/- | 5000/- | Not Available | N.A. |
| At the end of 10th Yr | N.A. | N.A. | 11,537/- | 5,000/- |
| Maturity at the end of 12th Yr | 13,309/- | 5,000/- | N.A. | N.A. |
| Maturity at the end of 15th Yr | N.A. | N.A. | 17,524/- | 5,000/- |
Other Details:
- Min application amount: 1 Bond or Rs.5,000/-.
- In case of annual interest payout option,interest will be paid on 31st March of every financial yr from March 2013.
- Cheque should be drawn in favor of “IFCI Ltd-Infra bond”.
- Deemed date of alltment : 31st March 2012.
Hi,
I had bought Infrastructure bond – Tax savings from IFCI of 20, 000/- rupees in January 2012. But still have not received Bond certificate.
Name : Rajeev Rajput
Form No. : 1886500
No. Of Bond : 4
Hello Rajeev,
You need to communicate with Registrar of issue.
Karvy Computershare was Registrar of IFCI issues in the said year.
You can mail them at :einward.ris@karvy.com.
I have applied IFCI long term Infrastructure Bond-2012 Rs.20,000/- cheque no 9738833 dt 02.01.2012 .But till date not received the required bond .
Application form no :- 1844712
You need to contact Registrars of issue Karvy Computershare Pvt Limited.
You can E-mail them at – einward.ris@karvy.com
Sir,
I have applied for “IFCI Tax Saving Infrastructure Bonds Series-V :”
2012 vide application no.1424015 applied on 19.03.2012 through cheque No.060695 dated 19.03.2012 drawn on Bank of India, Indorama Branch, Nagpur. But till date 10.07.2012 no communication receive regarding allotment of certificate. Please let me know the status.
with regards
Biplob Bishnupado Biswas
Mobile-xxxxxxxxxxxxx
You can check the status of your application online at mis.karvycomputershare.com/ipo.
There is mention of whether certificate is dispatched or send in due course.
Sir,
I have applied for IFCI Infra Bond V long term 2012 vide application no.31601 applied on 16.03.2012 through cheque No.417137 dated 16.03.2012 drawn on HDFC Bank, Haldwani. But still date no communication have been received regarding allotment of certificate. Please let me know the status.
with regards
M.C.JOSHI
I have also not received the certificate from IFCI
Sir,
I have applied for IFCI Infra Bond 2012 vide application no.489056 applied on 2.2.2012 through cheque No.141244 dated 2.2.2012 drawn on HDFC Bank, Gurgaon. But still date no communication regarding allotment of certificate. Please let me know the status.
with regards
Prasannan P P
Hi,
Your broker may help you better.