Infra bonds provide tax benefits apart from creating additional value by the time of maturity. Though the companies are not promising any assured returns, one can expect minimum returns on par with any saving schemes as the the sector will get highest priority by the Governments. These Infra Bonds are most effective in the case of high salaried people with 30 percent tax bracket. Following are these details of Long Term Infra Bonds for the year 2011-12
1. REC Long Term Infra Bonds: Issue Last date: Till 31st March 2011; Interest Rate: 8 percent for buyback option and 8.10 percent for Non-Buy back option. Website: recindia.nic.in
2. IIFCL Infra Bonds: Issue Closes on 4th March 2011. Interest: 8.15 for buy back and 8.30 for till the maturity option. Website: www.iifcl.org
3. IDFC Infrastructure Bonds: Issued series I and Series II with an intereste rate of 8 percent for both Buy back and cumulative options. Website: www.idfc.com
4. IFCI Long Term Infra Bonds: The IFCI has issued Series I and Series II Bonds with an interest rates of 8 percent for Buy Back option and 8.25 for Non Buy Back option. Website: www.ifciltd.com
5. L and T Infra Bonds: Issued Long Term Tax Saver Infra Bonds with 7.5 percent interest rate for buy back after 5 years and 7.75 percent interest for buy back option after 7 years. Website: www.ltinfrabond.com
