NHB Tax Free Bond – Issue details
National Housing Bank (NHB) , country’s Housing Finance regulator wholly own by RBI, and provide support to housing finance institutions. National Housing Bank (NHB) is set to launch its public issue of tax free bonds of face value of Rs 10,000 each in the nature of secured, redeemable, NCD on March 11.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight – [ws_table id=”140″]
Issue Structure –
*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.
Retail Investor : ” National Housing Bank Tax Free Bonds 2012-13 Escrow Account “
Bankers : SBI, ICICI , Kotak Mahindra , Axis, Yes Bank, Indusind Bank, IDBI Bank [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About the Issuer
National Housing Bank (NHB) , country’s Housing Finance regulator wholly own by RBI, and provide support to housing finance institutions.
Benefit to Investor
- The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
- No TDS
- Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.
[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Registrar of Issue :
Karvy Computershare Pvt. Ltd
Listing Details :
[ws_table id=”149″] Allotment Listing Detail PDF Notice
NSDL & CDSL
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