We take immense pleasure in informing that you can now apply for the Indian Railway Finance Corporation Limited (IRFC Tax Free Bonds) Tranche - 1 . The issue is opening on 21st January 2013.
Sr. No.
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Particulars
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Rate/Date
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1
|
Rate of Interest for 10 Years Tenure
|
7.68% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 7.18% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
|
2
|
Rate of Interest for 15 Years Tenure
|
7.84% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 7.34% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
|
3
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Credit Rating
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CARE AAA by CARE Limited , ICRA AAA by ICRA Limited and
CRISIL AAA by CRISIL limited
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4
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Date of Opening of Issue
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21st January 2013
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5
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Date of Closing of Issue
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29th January 2013
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6
|
Trading
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Proposed NSE Ltd.(‘’NSE’’) and BSE Ltd. (“BSE”)
|
7
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Lock in period
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Nil
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8
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Minimum Application Size
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Rs 5000 (5 Bonds) and in multiple of Rs. 1000
(1 bonds) thereafter
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9
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Basis of Allotment
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First-come First-serve basis
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Please note that these bonds are not eligible for deduction u/s 80CCF of Income Tax Act.
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