NHB Tax Free Bond -Tranche 1- 9.01% Jan 2014

NHB  Tax Free Bond – Issue open 30 Dec 2013 

National Housing Bank (NHB) is coming out with a Tax Free, Secured, Redeemable bond issue face value 5000 each, aggregating  to 2100 Cr. National Housing Bank (NHB), country’s Housing Finance regulator wholly own by RBI, and provide support to housing finance institutions. Issue size is small it may be Subscribe within first 2 days.  Check Basis of allotment in allotment section Listing Date – 16 Jan 14 (Script Code/ISIN details Updated today night 11 PM) 

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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]

Issue Highlight – 

NHB Issue Structure –

Cheque Details-

Retail Investor  :     National Housing Bank Tax Free Bonds 2013-2014 Escrow Account 

Bankers :   [/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.

The Preamble of the National Housing Bank Act, 1987 describes the basic functions of the NHB as –

“… to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto …” 

NHB has been established to achieve, inter alia, the following objectives –

1. To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system.
2. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
3. To augment resources for the sector and channelise them for housing.
4. To make housing credit more affordable.
5. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
6. To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
7. To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.

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.

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[wptabtitle] Subscription Data[/wptabtitle] [wptabcontent]

Issue Fully subscribe 3480 Cr against 2100 Cr. If you bid 31th Dec. 2013 then allotment chances Zero. Current issue as per First Come First Serve Basic.

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[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]

National Housing Bank Basis of Allotment

Allotment Details

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[wptabtitle]Forms Collection Center[/wptabtitle] [wptabcontent]

Nearest Collection Center for National Housing Bank (NHB) Tax Free Bond

Download Forms from link & submit nearest Center

Download Application Form Link

(This Issue may be subscribe within 2 days so hurry)

 Just type your city in search Box

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Call  for Investment : Rajendra  – 7719917444    

Mail ID  : rajendra@puneinvest.com

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Call  for Investment : Rajendra  – 7719917444   

Mail ID  : rajendra@puneinvest.com

 Mumbai Pune, Satara, Kolhapur, Ahmednagar Collection facility available