IDFC has recently announced the issue of infrastructure bonds.I have received a number of e-mails especially from Mumbai,banglore and Chennai regarding application form and collection centre in these cities.List of collection centres is as follows: MUMBAI: A] Fort: 1.Axis Bank : Universal Insurance Building,Ground Floor, Sir P M Road, Fort, Mumbai -400001. 2.HDFC bank: Ground…
IDFC Infrastructure Bonds Nov.2011:
Infrastructure Development finance Company(IDFC) Ltd has come with infrastructure bond-tranche-1 issue for financial year 2011-12.This issue carries tax benefit u/s 80ccf maximum upto Rs.20,000/-.Summay and key points of this issue are as follows: 1.Issue Open Date: 21st Nov.2011. 2.Issue Close Date: 16th Dec.2011 3.Face Value: Rs.5000/- per bond. 4.Mode of hoding: Demat or Physical. Interest…
What If My Account Do Not Have A Nomination:
This one was a real incident.Mr X was not so fortunate and died in an accident,,leaving behind a spouse.His earnings were handsome and good investmets all over bank fixed deposits,mutual funds and insurance policies.When his spouse went to bank to claim the amount lying in saving account and fixed deposits,she was shocked when bank told…