In Budget 2010, the Union Government came with the new kind of bonds known as Infrastructure bonds. These are the tax saving bonds in which you can invest for tax benefits. Many people still don't know that how to invest in these bonds? Well, let me explain you that how you can invest in infrastructure bonds?
Infrastructure bonds are available through ICICI and IDBI Bank.
01) ICICI Safety Bonds
02) IDBI Flexi Bonds
They can reduce tax liability by upto Rs 16,000 per annum. Both the bonds provide investors the option of purchasing and holding the instruments either as physical certificates or in the demat form. The Tax-Saving Bond from ICICI for the month of July 2001 provides two options:
- Face value of Rs 5,000 for 3 years at the rate of 9.00% interest payable annually.
- Deep Discount Bonds with a face value of Rs 6,600. These bonds are available for Rs 5,000, and are issued for 3 years and 4 months, after which they are redeemed at their face value. These infrastructure bonds are suitable for an increase in the investment. The terms for the IDBI Bonds are similar too.
- Apart from the above Infrastructure Bonds , Rural Electrification Corporation (REC) has come out with an issue of tax-saving infrastructure bonds for investors seeking to utilize the additional Rs 30,000 qualifying limit for investments in Infrastructure Bonds.
Thus, simply visit your nearest ICICI or IDBI branch and get the infrastructure bonds.a
Posts
For Investing in All Infrastructure Bonds - Contact - Amit Surpuriya - 9850873688 - Pune
KSHITIJ FINANCIAL SERVICES
Mutual Fund | Tax Planning | Infrastructure Bond | 54EC Capital Gain Bond | Medi-Claim | Company Fixed Deposit