"REC Long Term Infrastructure Bonds(u/s 80CCF) available now” plus 1 more

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REC Long Term Infrastructure Bonds(u/s 80CCF) available now Posted: 16 Jan 2011 11:35 AM PST Rural Electrification Corporation (REC), has launched tax free infrastructure bond from January 12, 2011. The issue will close on March 28, 2011. REC Infrastructure Bond has 2 options Option 1 – Investment period of 10 years – Interest rate is 8.1% per year Option 2 – Investment period of 10 years with buyback option after 5 years – Interest rate is 8%. Buyback option means investor can... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

IDFC Infrastructure Bond January 17, 2011 Posted: 16 Jan 2011 11:24 AM PST IDFC Ltd. will offer the second tranche of its tax free infrastructure bond from January 17, 2011. IDFC Ltd is planning to collect Rs 2930 by February 4, 2011 – as per an article in Economics Times. Investment in IDFC Infrastructure Bond is exempt from income tax under section 80CCF of Income Tax Act, 1961. The exemption is over and above Rs 1,00,000 exemption under section 80C. The bond has... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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