Fixed deposits are considered to be one of the most simple investments – easy to understand and not may complicated terms and conditions. But as all other investment products have increased in complexity with time, so have fixed deposits. There are few terms which you should know and this will help you to calculate your [...]
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If you are still worried about allotment your investment in Tax free bonds, Infrastructure bonds or NCDs last year, I have summarized the links where you can check your allotment status using your Application Number, PAN Number, etc.
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With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]
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Allotment of IDFC Infra Bond Tranche-2 (u/s 80CCF) bonds was done on March 24, 2012. You can check the allotment status of IDFC Infra Bond Tranche-2 here. Select IDFC Limited-Infra Bond Tranche-2 /2011 from the list. One need either application number, pan number or demat number to view the allotment status. Dispatch date showing in [...]
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PFS with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012 as the closing dates have been extended to March 23, 2012. Earlier it was to close on February 29, 2012. PFS Infrastructure Bond Details: Should you invest in PFS Tax Saving Infrastructure Bond? Most of the other Infra bonds offer [...]
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Muthoot Finance NCD issue closure date has been extended to April 09, 2012. Earlier it was to close on March 17, 2012. I have reviewed Muthoot Finance NCD in an earlier post.
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IDFC with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012. IDFC Infrastructure Bond Details: IDFC Infrastructure Bond Features: The bonds don’t attract any TDS in case the investments are in demat form The bonds are available in Demat & Physical form The bonds will be listed [...]
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If you were celebrating the tax cuts for next year (FY 2012-13) in Budget 2012, there is some bad news! Infrastructure Bonds would not be eligible as Tax saving instrument under Section 80CCF from FY 2012-13. What was the benefit? Two years ago there was an additional deduction introduced to encourage investors to put money into [...]
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If you have still not invested in infrastructure bonds and still looking for investing for saving income tax , you have four options: IFCI Infrastructure Bond – Series V L&T Infrastructure Bond PFS Infrastructure Bond IDFC Infrastructure Bond – Tranche III Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional [...]
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Rural Electrification Corporation (REC), Govt of India undertaking Navratna company has come up with a issue of secured, tax free bonds of size 1500 crore with option to retain over subscription of up to Rs. 3000 crore. Highlights of Rural Electrification Corporation Tax Free Bonds: The income by way of interest on these Bonds is [...]
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Muthoot Finance - India largest gold loan company has once again come out with NCD (non-convertible debentures) offering 13 – 13.25% interest in 2, 3 and 5 years tenors. It also has a product which doubles your money in 66 months offering a pre-tax yield of 13.46 per cent. Salient Features: Muthoot Finance NCD These NCDs are available [...]
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If you still looking for investing in Infrastructure Bonds for saving income tax in February 2012, you have option from five companies. IFCI Rural Electrification Corporation L&T Infrastructure Finance Company Infrastructure Development Finance Company (IDFC) SREI Infrastructure Finance Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional window [...]
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If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum. The table below gives the details of the issue: Face Value Rs. 1,000/- per bond Minimum Application Rs. 1,000/- (i.e. 1 Bond) Issue Schedule [...]
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PFC (Power Finance Corporation) has launched Tax Free Secured NCD offering interest rate of 8.2% – 8.3% per annum. This is a good opprtunity to lock into such interest rates especially for people in highest tax bracket. The interest of 8.3% per annum is equivalent of 12% pre tax interest rate for people in highest tax [...]
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