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Written by The RupeeManager Team
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Thursday, 29 December 2011 21:01 |
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After the success of NHAI Bonds, Power Finance Corporation (PFC) is also coming out with a 8.2/8.3% Bonds. PFC was incorporated by Government of India as a financial institution in 1986 and aims to finance, facilitate & promote power sector development in India.
The issue opens tomorrow i.e., 30th December, 2011 and closes on 16th January, 2012.
The tax free Bonds are in the nature of secured, redeemable, non convertible debentures are rated "AAA" by CRISIL and ICRA both. As with NHAI Bonds, the interest income on the Bonds is tax free.
Resident individuals, HUFs, QIBs, Corporates and NRIs can apply and invest. It's especially very attractive investment for NRIs.
Details of the issue is as under:
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Read more... [Power Finance Corporation Bonds Offer 8.3% Tax Free]
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Written by The RupeeManager Team
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Monday, 26 December 2011 20:42 |
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NHAI, an autonomous body of Govt. of India under the Ministry of Road, Transport & Highways is offering a Secured, redeemable, non-convertible debentures with tax benefits under The Income Tax Act, 1961. The issue opens on December 28, 2011 and closes on January 11, 2012.
The bonds are rated “AAA” by CRISIL, CARE & FITCH. The Interest Income on the Bonds is tax-free in nature. The bond offers various modes of Interest payment and also offers the options of issuing either in Demat or physical form. NRIs can apply on repatriable and non repatriable basis. The bonds will be listed on NSE & BSE
More details:
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Read more... [NHAI Tax Free Bonds Offer upto 8.3%: For NRIs too]
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Written by The RupeeManager Team
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Wednesday, 30 November 2011 10:25 |
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The 10-Year National Savings Certificate (IX-Issue), 2011 is being launched from December 1, 2011. The new scheme was part of the recommendations for higher rate of interest for small savings schemes.
The Notification for launch of new savings instrument, namely 10-Year National Savings Certificate (IX-Issue), 2011, has been issued on the 29thNovember, 2011.
The major highlights of this scheme are as follows:
- Investments in Certificate will earn Interest at the rate of 8.7% p.a. compounded semi-annually.
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Read more... [10 Year National savings Certificate Gives You 8.7%]
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