Infrastructure Bond Maturity update 2022

The tenure of Bonds is 10 years and the same have a lock-in of 5 years from the Date of Allotment.

As per current provisions of Income Tax Act, 1961, TDS will not be deducted, if bonds are held in demat mode. In case bonds are held in physical form TDS will be deducted on interest on bonds where interest paid or payable to a resident individual bondholder exceeds 5000/- in a financial year.

The redemption amount shall primarily be paid through NACH (National Automated Clearing House) or any other electronic mode of payment to all the Bondholders (Physical and Demat) subject to availability of complete bank account details including the bank account number (confirming CTFS), IFSC Code, Magnetic Ink Character Recognition (“MICR”) code as appearing on a cheque leaf.

The allotment advice, refund orders and bond certificates of all Infra bond issue have been dispatched to investors. In case you have not received, kindly write to the respective registrar to the issue as mentioned above.

Registrar –

Infrastructure Bonds Series-I & II (Issued during FY 2010-11) – Beetal – ifci@beetalfinancial.com

Infrastructure Bonds Series-III, IV & V (Issued during FY 2011-12) – Karvy – ifcibond@karvy.com

For bondholders holding the bonds in physical form, following documents have to be furnished along with request letter to the Registrar :

1. Original Bond Certificate
2. Request letter duly signed by nominee
3. Photo identity proof viz passport /driving license/pan card/Election commission card duly attested
4. Attested copy of Address Proof
5. Attested true copy of death certificate

For bondholders holding the bonds in demat form, the above mentioned documents are to be sent to the respective Depository Participant, where the demat account of deceased holder is held and then the same will be forwarded to the Registrar of the issue for needful action.