L&T Infrastructure Finance Company Limited, a 100% subsdiary of L&T Limited and registered with RBI as an Infrastructure Finance Company has come out with a public issue of Tax Saving Bonds.
- Issue opens on 25/11/2011 & closes on 24/12/2011.
- 9% interest - Annual & Cumulative options available.
- Income Tax benefit u/s. 80-CCF upto Rs.6,180/- for an investment of Rs.20,000/-.
- The Income Tax benefit is over and above u/s. 80-C, 80-CCC & 80-CCD.
- Minimum investment amount Rs.5000/-.
- Maturity after 10 years with Lock in period of 5 years.
- Buyback option available after 5 & 7 years.
- Physical & Demat modes available. NO TDS for interest only under Demat mode.
- "CARE AA+" rating by CARE & "(ICRA) AA+" rating by ICRA
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