If you miss the recent NHAI , PFC ,HUDCO & IRFC or get good return from these bonds
Now another opportunity for value Investor
Rural Electrification Corporation Tax Free Bonds
Issue may be oversubscribe within 2-3 days because retail investor sell old bond and investing in this bond. If you are interest to invest in this REC Tax free bond fill application on first day of issue open.
REC Tax bond size compare to low only 3000 Cr.
The income by way of interest on these bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10(15) (iv) (h) of Income Tax Act, 1961.
No TDS deduction
Wealth Tax is not levied
Please note Issue Highlights and difference with earlier Tax Free Bonds issuance
*** Retail Investor can apply for only 1 lakh (limit reduce by sebi from 5 lakh to 1 lakh)
Allotment Basis : on first come first serve basis to be determined on the basis of date of receipt of application duly ackonowledged by Banker to the Issue
Cheque Details : " REC Tax Free Bond - Escrow Account"
Bankers : Axis Bank, HDFC , ICICI , Indusind , SBI, Yes Bank
For REC Tax Free Bond Application Form Mail me
Investor want to Invest in this Issue : Call Rajendra 8007750904 or
mail - bonanza42a@yahoo.in
Now another opportunity for value Investor
Rural Electrification Corporation Tax Free Bonds
Issue may be oversubscribe within 2-3 days because retail investor sell old bond and investing in this bond. If you are interest to invest in this REC Tax free bond fill application on first day of issue open.
REC Tax bond size compare to low only 3000 Cr.
REC TAX FREE BONDS
- Retail Limit extended to Rs. 5 lacs.
Tax Benefit
The income by way of interest on these bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10(15) (iv) (h) of Income Tax Act, 1961.
No TDS deduction
Wealth Tax is not levied
Please note Issue Highlights and difference with earlier Tax Free Bonds issuance
- Individual and HUF applicants applying for any amount up to Rs 5 Lac will be classified under Retail Category
- Individual and HUF Applicants applying above 1 Lac will be classified under HNI Category.
- NRI applicants are not allowed
- Issuance : Demat form only , no physical certificate issue in this issue
Term of Issue
| Particulars | REC TAX FREE BOND | |
| Issue Size | Rs. 3000 Cr. | |
| Issue Open | 6 Mar 2012 | |
| Issue Close | 12 Mar 2012 | |
| Face Value | 1000 | |
| Minimum Application | 5 bond or 5000 | |
| Rating | AAA by CRISIL, CARE, ICRA | |
| Tenure | 10 yr | 15 yr |
| Application upto 5 Lakh (Retail & HUF) | 8.13% | 8.32% |
| App. more than 5 Lakh ( QIB, HNI, Corp) | 7.93% | 8.12% |
| Listing | BSE | |
| Interest Payment | Payble Annually Only | |
| Issuance | Demant only | |
Allotment Basis : on first come first serve basis to be determined on the basis of date of receipt of application duly ackonowledged by Banker to the Issue
Cheque Details : " REC Tax Free Bond - Escrow Account"
Bankers : Axis Bank, HDFC , ICICI , Indusind , SBI, Yes Bank
Document Required for Application Process :
1 . To Apply in Demat Form
- Cheque or DD
- Pan Card Copy
- Cancelled Cheque
All Document Self attested
For REC Tax Free Bond Application Form Mail me
Investor want to Invest in this Issue : Call Rajendra 8007750904 or
mail - bonanza42a@yahoo.in
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6 comments:
sir kindly check i think the rate of intrest which you have given is wrong its is 7.93 and 8.15.
regds
bhunesh
May be you are right.
It's Tentative rate. Final rate not disclosed yet
If any changes, I am try to updating instantly.
Gsec yield on the reference rate of 29th February 2012 will be taken. The 10 year G-Sec yields on 29th February 2012 stood at 8.26% semi annual or 8.43% annual. The cap on the annual coupon on the 10 year bond would be 7.93% for public issue. If the coupon gets set at this level, the returns are equivalent to pre tax yields of
•11.74% for corporate investors
•12.04% for Individuals and HUF
Is there a lock in period as well in the REC bond?
No Lock-in period for Tax Free Bond.
Bonds can be purchased or sold on exchanges(BSE/NSE) any time at the current trading prices.
WHAT IS THE STATUS OF REC INFR. BONDS ALLOTMENT PLEASE.H O SHARMA
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