Skip to main content

Tax free infra bonds worth Rs 20,000 crore are lined up by March

Download PFC Tax Free Bond Application Forms

Download PFC Tax Free Bond Application Forms

 
IT IS raining tax-free bonds in India. Following the launch of Rs 10,000 crore tax-free bond issue by the National Highway Authority of India (NHAI), three more state-owned firms are lining up to issue around Rs 20,000 crore worth of tax-free bonds in the next quarter.

While the Indian Railway Finance Corporation (IRFC) is in the final stages of launching a Rs 10,000 crore tax-free bond issue, Power Finance Corporation (PFC) is coming out with a Rs 5,000 crore tax-free bond issue. Public sector firm, Housing and Urban Development Corporation (Hudco), will launch a Rs 5,000 crore bond issue as early as January 2012.

PFC and Hudco have already made private placements in October worth Rs 900 crore and Rs 400 crore, respectively, at interest linked to government securities yields on similar tenure securities in September.

Hudco, the company would launch the bonds by the middle of January 2012. The coupon rate would be based on the December-end government securities (G-Sec) rates. "We have already placed around Rs 400 crore as private placement out of the total Rs 5,000 crore we expect to mobilise.

Hudco and PFC both have offered 7.62 per cent for 10-year bonds and 7.83 per cent for 15-year bonds through the private placement route in October.
The coupon rates on taxfree bonds under private placement were around a percentage point lower than the annualised closing yield on government bonds in September.

IRFC, the financing arm of Indian Railways, has also received a man date to raise Rs 10,000 crore via issuance of taxfree bonds and it is also expected to enter the market next month.

Rajesh Kumar Khullar, joint secretary at the union ministry of finance, said he expects IRFC's issue to be preceded by the PFC issue. "We see the market conditions to be good for such bonds and expect the issues to get over in as short a time as possible, may be, in less than a week," he said.

Financial planners said these bonds are particularly appealing to high net worth investors who fall in the highest tax bracket because they can earn a tax free income. Besides, the listing of these bonds on the stock exchange will provide liquidity and possible capital appreciation once the interest rates start going down again.

This is the first time that retail participation has been allowed in tax free infrastructure bonds. We wanted everyone to enjoy the benefits of steady and stable long-term returns. Earlier, all these bonds were privately placed and would not be open for retail investors. Now, investors can invest a minimum sum of Rs 50,000 in these bonds.
 

How to apply to PFC Bonds?

You can download the forms below

Download Application Forms

Submit the filled up form to Collection canter near you

 

 

---------------------------------------------

 

Application form for Applying for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

 

---------------------------------------------

Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes

Mutual Funds Online

 

Download Tax Saving Mutual Fund Applications / Forms from all AMCs:

Download Mutual Fund Applications

 

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...
Read more

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...
Read more

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...
Read more

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
Read more

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now