IDFC have recently announced buy back offer of long term infrastructure bonds allotted in Feb 2011 u/s 80CCD. Buy back facility is available for investors who have opted for same while investing.Long term infra bonds are subject to mandatory lock in period of 05 years and after lock in period investor have option of either…
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…