Ifci - infrastructure bonds, 2010

Posted Date: 20-Aug-2010	Category: Finance / Investment	Rating:
Author: NVGanesan	Member Level: Silver	Points: 1

IFCI has come out infrastructure development bonds, 2010 There is a tax exemption limit of Rs 20000 over and above Rs 1 lac available under section 80C of IT Act

Infrastructure Bonds of IFCI has hit the market The issue closes on 31 August 2010 Applications are accepted by IDBI Bank. The limit of Rs 20000 is over and above the available limit of Rs 1 lakh. The interest rate varies depending on the mode of return - accumulative or otherwise.

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