NriInvestIndia.com is a financial consulting firm assisting NRIs (Non-Resident Indians) & Companies registered aboard to make investment in the bond market  market of India. Our goal is to render professional advising services to all our NRI & FII clients to buy or sell secure Indian bonds - EASILY.!!



Offer: Govt of India TAX FREE Secure/Guaranteed INDIAN RAILWAY FINANCE CORPORATION LIMITED (IRFCL Bonds)


ISSUE opens: 27th January 2012
ISSUE closes: 10th February 2012

Allotment Criterion: First-Come-First-Serve basis.
High Credit Rating: "AAA/Stable" by CRISIL & ICRA"
 

ISSUER IRFCL - Tranche 1 Series I IRFCL - Tranche 1 Series II Issue Structure Secured, NCD, Listed in NSE BSE Secured, NCD, Listed in NSE BSE Credit Rating AAA by CRISIL & ICRA AAA by CRISIL & ICRA Face Value Rs.1000 per bond Rs.1000 per bond Minimum Subscription 5 Bonds 5 Bonds Tenure 10 Years 15 Years Put & Call Option None None Coupon Rate -TAX Free 8.0% pa for Applicants under category I & II OR 8.15% pa for Applicants under category III* 8.10% pa for Applicants under category I & II OR 8.30% pa for Applicants under category III*     Issue Opens 27th Jan 2012 27th Jan 2012 Issue Closes 10th Feb 2012 10th Feb 2012 Allocation Basis first-come first-serve basis. first-come first-serve basis.         SILENT FEATURES: * NRIs CAN INVEST IN THIS ISSUE. (Both Repatriable and Non Repatriable Basis, through NRE or NRO account.) ** Demat A/C is not compulsory. *** These bonds are secured & can be pledged with any bank **** Can avail upto 90% loan of the value of bond. ***** Listing in Both NSE & BSE Capital Market. Tax Benefits: 1. The income by way of interest on these Bonds shall not form part of total income as per provisions under section 10 (15) (iv) (h) of I.T. Act, 1961; 2. There shall be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors; 3. As per provisions under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed Bond is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer. Under section 112 of the I.T. Act, capital gains arising on the transfer of listed Bonds shall be taxed @ 10% without indexation; 4. Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957. Got questions, email us: info@nriinvestindia.com   Source: Shelf Prospectus dated January 19, 2012 and Prospectus Tranche - 1 dated January 19, 2012 Disclaimer: "Invest only after referring to final prospectus". - Kindly note that online/electronic versions of the application form you are seeking to access are being made available on this website by us on a good faith basis. By accessing this application form you confirm that your downloading, viewing or using the same will not constitute in the jurisdiction applicable to you a directed solicitation and/or a selling efforts. If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. Need IRFCL Bond Application Form?