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Tax Free Infrastructure Bonds by Indian Railway Finance Corporation (IRFC)

IRFC Tax Free Bond Application Forms

 

Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC). The interest income earned on such bonds is tax free (u/s 10 clause 15 of Income Tax Act). The bonds are issued by a Government Owned Undertaking and therefore carry a very high credit rating. The issue has been rated 'AAA/Stable by CRISIL', 'LAAA by ICRA' and 'AAA by CARE'.  The issue has two options – Option I (10 years) & Option II (15 years) – with coupon rates of 8.10% and 8.13 % p.a. respectively. As the interest income is tax free, the pre-tax yield works out to an impressive for Option I & Option II (for individuals in the highest tax bracket).

 

Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC) eligible Investors-Resident Indian Individuals, Scheduled Commercial Banks, Co-operative Banks, Financial Institutions, Insurance Companies, Provident Funds, Companies & Bodies Corporate, Trusts & Societies and any other authorized investor.

Company Profile: IRFC is notified as a Public Financial Institution u/s 4A of Companies Act, 1956. It is the financing arm of Indian Railways. 100% shareholding is held by  Government of India. It has been consistently making profits and rated AAA by CRISIL, ICRA and CARE. The company's Capital Adequacy Ratio stood at 160.70% and Profit after Tax was Rs.485.20 Cr as of March 31, 2011.

Important Dates -The issue opens on Jan 27 , 2012  The bonds are likely to be issued in Demat form and are proposed to be listed on the National Stock Exchange (NSE).
 

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

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Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

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These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

 

 

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How to apply to IRFC Bonds?

Apply for IRFC Tax Free Bonds forms below

Download IRFC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

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