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 window to save tax upto Rs 20,000, over and above the Rs One lakh limit already available.
The table below summarizes the options available.
| Infrastructure Bonds | Minimum Amount | Interest Rate | Maturity Date | Maturity Amount* | Close Date |
| IFCI Infrastructure Bond – Series V | 5,000 | 8.72% | 15 Years | 70,093 | 27-March-12 |
| 8.50% | 12 Years | 53,234 | |||
| L&T Infrastructure Bond | 5,000 | 8.70% | 10 Years | 46,060 | 12-March-12 |
| PFS Infrastructure Bond | 5,000 | 8.93% | 15 Years | 74,368 | 23-March-12 |
| 9.15% | 10 Years | 46,684 | |||
| IDFC Infrastructure Bond | 10,000 | 8.43% | 10 Years | 44,928 | 30-March-12 |
* Maturity Amount is assuming investment of Rs 20,000 in cumulative scheme till Maturity period of the scheme.
IFCI Infrastructure Bond – Series V Details:
| Options for Subscription | I | II | III | IV |
| Frequency of Interest Payment | Cumulative | Annual | Cumulative | Annual |
| Coupon (% p.a.) | 8.50% | 8.50% | 8.72% | 8.72% |
| Tenor | 12 years | 12 years | 15 years | 15 years |
| Maturity Date | 31-Mar-24 | 31-Mar-24 | 31-Mar-27 | 31-Mar-27 |
Credit Rating:
- ‘BWR AA-‘ by Brickwork Ratings India Pvt. Limited
- CARE’A+’ by CARE Ratings (Credit Analysis & Research Ltd.)
- ‘(ICRA)A’ by ICRA Limited
Other Details:
- Face value: Rs. 5,000 per bond
- Minimum Application Rs. 5,000/- (i.e. 1 Bond)
- Application in multiples of Rs. 5,000/- (i.e. 1 Bond)
- Lock-in period 5 years from the Deemed Date of Allotment
- Deemed Date of Allotment: March 31, 2012
- Proposed to be listed on Bombay Stock Exchange (BSE)
Download Application form here.
L&T Infrastructure Bond Details:
| Options for Subscription | I | II |
| Frequency of Interest Payment | Annual | Cumulative |
| Coupon (% p.a.) | 8.70% | 8.70% |
| Tenor | 10 years | 10 years |
| Maturity Date | 31-Mar-24 | 31-Mar-24 |
| Buyback Amount (Rs. / Bond) | Rs. 1,000 at the end of 5 years / Rs. 1,000 at the end of 7 years | Rs. 1,517.57 at the end of 5 years / Rs. 1,793.11 at the end of 7 years |
Credit Rating:
- CARE’AA+’ by CARE Ratings (Credit Analysis & Research Ltd.)
- ‘(ICRA)AA+’ by ICRA Limited
Other Details:
- Face value: Rs. 1,000 per bond
- Minimum Application Rs. 5,000/- (i.e. 5 Bond)
- Lock-in period 5 years from the Deemed Date of Allotment
Download Application form here.
You might want to look here for calculating effective yield and knowing more details of these bonds.