We take immense pleasure in informing that you can now apply for the Rural Electrification Corporation Limited (REC Tax Free Bonds).The issue is opening on 06th March 2012.
Call NiftyNext # +91 80171 98633 Or SMS NiftyNext @ 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com
Sr. No. | Particulars | Rate/Date |
1 | Rate of Interest for 10 Years Tenure | 8.12% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.1 lacs) and 7.93% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.1 lacs) |
2 | Rate of Interest for 15 Years Tenure | 8.32% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.1 lacs) and 8.13% p.a. (payable annually) for HNI Applying for amount aggregating to above Rs.1 lacs) |
3 | Credit Rating | „CRISIL AAA (Stable) by CRISIL Limited „CARE AAA by CARE „ICRA AAA by ICRA „Fitch AAA ( ind ) by FITCH |
4 | Date of Opening of Issue | 06th March 2012 |
5 | Date of Closing of Issue | 12th March 2012 |
6 | Trading | Proposed BSE, Trading only in Demat Form |
7 | Lock in period | Nil |
9 | Minimum Application Size | Rs 5000 (5 Bonds) and in multiple of Rs. 1000 (1 bonds) thereafter |
10 | 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.
Call NiftyNext # +91 80171 98633 Or SMS NiftyNext @ 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com
