- Advertisement -
Power Finance Corporation Tax Free Bond – Tranche II is launching a Tax Free Bond Issue to raise up to Rs. 3,890.25 Cr.
[wptabs style=”smoothness” mode=”horizontal”]
[wptabs style=”wpui-blue” mode=”horizontal” background=”false”]
[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Issue Highlight –
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 : ” PFC Tax Free Bond 2012 – Escrow Account – R “
Bankers : Axis Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, , SBI,
Yes Bank, HDFC Bank
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About the Issuer
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.
In case the Bonds held by the original Allottees under Category IV (Retail) are sold/transferred (except in case of transfer of Bonds to legal heirs in the event of death of original Allottee), the coupon rate shall stand revised to the coupon rate applicable for Allottees falling under Cat I,II,III portions
In simple word, additional 0.50% interest only for first investor, No benefit for Retail Investor buy from Open Market.
[wptabtitle] Subscription Data[/wptabtitle] [wptabcontent]
Subscription details for PFC Tax Free Bonds Day wise .
[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Listing Date :
The Bond will listed on BSE within 12 working days of the issue closing date.
PFC Tax Free Bond Allotment Listing Details PDF
Registrar of Issue :
Trustee for Bondholders :
Interest Payment Date :
[wptabtitle] Downloads[/wptabtitle] [wptabcontent]
Document related to ongoing Tax Free Bond Issue :
- Tax Free Bond
Note : Application must be bided before getting submitted with the collection bankers. Kindly ensure to be applications at your broker before banking.
Issue Brokerage structure
Shortly Update Brokerage Structure about this product
Are you interested to know brokerage structure in your Inbox mail : email@example.com