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Min subscription: INR 1 Lac, and in multiples of INR 1 Lac
Issue Open 10th Oct
Closes: 21st Oct


Coupon
10 years 7.55% P.A
15 years 7.77% P.A
Interest Payment Annual


IRFC bonds will create a good opportunity for investors in the high Tax band. First of all, these are government-guaranteed bonds so there is no chance of default. In fact, in certain term, it is safer than bank deposits.

Besides this, the rates of return offered by the bonds are very attractive. According to a simple calculation, a 7.77% tax free return will be equivalent to 11.59% pre-tax return, which is a very handsome rate. The highest return offered by five-year fixed deposits of bank is around 9%. If one has to pay tax at the rate of 30% of the income, the net interest rate — in case the bank is offering a rate of % — would be only 6.6%.call me for the investment 9271213638