NHB Tax Free Bond – Issue open 7 Mar 2014
National Housing Bank (NHB) is coming out with a Tax Free, Secured, Redeemable bond issue face value 5000 each, aggregating to 1000 Cr. National Housing Bank (NHB), country’s Housing Finance regulator wholly own by RBI, and provide support to housing finance institutions. Last time NHB Issue Fully Subscribe first day so take care and invest first day for confirm allotment. Allotment Date 24 Mar & Listing Date 26 Mar
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Issue Highlight – [ws_table id=”400″]
NHB Issue Structure –
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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 –
- 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.
- To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
- To augment resources for the sector and channelise them for housing.
- To make housing credit more affordable.
- To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
- To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
- 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]
Last time First NHB Issue subscribe 1st day. This Issue also Fully Subscribe First Day.
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[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
National Housing Bank Basis of Allotment
Allotment Details – Approximate allotment date 16 to 18 Mar & Listing date before 21 Mar 2014
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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