We take immense pleasure in informing that you can now apply for the National Housing Bank (NHB Tax Free Bonds).The issue is opening on 11th March 2013.
Sr. No.
|
Particulars
|
Rate/Date
|
1
|
Rate of Interest for 10 Years Tenure
|
7.32% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 6.82% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
|
2
|
Credit Rating
|
“CRISIL AAA by CRISIL Ltd”
“CARE AAA from CARE”
|
3
|
Date of Opening of Issue
|
11th March 2013
|
4
|
Date of Closing of Issue
|
15th March 2013
|
5
|
Trading
|
NSE Ltd.(“NSE”)
|
6
|
Lock in period
|
Nil
|
7
|
Minimum Application Size
|
Rs 10000 (1 Bond) and in multiple of Rs. 10000
(1 bond) thereafter
|
8
|
Basis of Allotment
|
First-come First-serve basis
|
Please note that these bonds are not eligible for deduction u/s 80CCF of Income Tax Act.
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