NHAI – National Highway Authority Of India – is responsible for development,management and maintenance of national highways will issue secured, tax free bonds in Dec 2015.Issue will open on Dec 17, 2015 while maximum coupon rate offered is 7.60% for period of 15 yrs.
Details of NHAI Tax Free bonds Dec 2015 are as follows:
Imp Dates:
- Issue Open Date: Dec 17, 2015.
- Issue Close Date: Dec 31, 2015.
- Interest Payment Date: April 01 each year from 2016- Except for last yr.where interest will be paid at maturity along with principal.
Coupon Rates: For Category IV investors applying for Rs.10 Lakh or below:
- Credit rating : “AAA” from IRRPL,ICRA,CARE and CRISIL.
- Listing : @ BSE and NSE.
- Annual interest received free from income tax.But remember if bonds are sold in secondary market & if there is capital gain then capital gain tax will applicable.
TFBs looks superior against other fixed income products like non cumulative deposits or immediate annuities of life insurance companies .Subscribe to NHAI tax free bonds if you are looking for safe,tax free,long term income.
