How do I redeem L infrastructure bonds 2011a series?
1) Form of Acceptance duly completed and signed in accordance with the instructions contained therein, by all Bondholders whose names appear on the Bond certificates. You may download Form of Acceptance from Company’s website www.ltinfra.com during Buyback Intimation period. 2) Original Bond certificate(s).
How do I claim an L Infrastructure Bond?
You can reach the dedicated Customer Service Help Desk @ Toll free No. (1800-209-4747) during our Office timings and our Executives will be at your service to register your grievance.
How do I redeem infrastructure bonds?
Redemption of Bonds The bonds are redeemed on the date of maturity on surrender of the duly discharged bond certificates (by signing on the reverse of the bonds with Revenue Stamp of Re. 1/-) by Registered bondholders. The record date for redemption is one month prior to the deemed date of encashment / redemption.
What happens to infrastructure bonds after maturity?
As the interest on long-term infrastructure bonds are taxable, the interest earned – annually for the investors opted for annual option and aggregate on maturity for the investors opted for the cumulative option – by the investors will be added to the taxable income of the respective investors.
How can I redeem L infra Bond after maturity?
In case, you do not wish to opt for buyback, you may hold the bonds till maturity date i.e. January 10, 2022 and redemption amount will be automatically sent to you on maturity date. For any queries, please contact our Registrar & Share Transfer Agents at the following address: M/S. LINK INTIME INDIA PVT.
What is L infrastructure Bond?
L Infrastructure Finance Company Ltd to issue Tranche 1 Bonds starting , on November 25, 2011, through a public issue of long term infrastructure bonds with a face value of Rs1,000 each in the nature of secured, redeemable, non-convertible debentures having benefits under Section 80CCF of the Income Tax Act, 1961.
What are L bonds?
The bonds have been rated ‘CARE AA+’ by CARE and ‘[ICRA] AA+’ by ICRA considered to offer high safety for timely servicing of financial obligations. The bonds will carry a minimum lock-in period of five years from the date of allotment and can be redeemed after ten (10) years from the date of allotment.
What is LT infrastructure Bond?
L Infra has come up with its second tranche of infrastructure bonds. You can invest up to Rs 20,000 to get tax benefits under Section 80CCF. This is in addition to the Rs 1 lakh limit available under Sections 80C, 80CCC and 80CCD. The Product: The bonds have a tenor of 10 years.
How do you redeem a bond after maturity?
After the maturity date the bond stops earning interest. If you own savings bonds in electronic form through Treasury Direct, log on to your account and follow the instructions to redeem them. If you own paper savings bonds, you must present them at a bank or other financial institution for payment.
How can I buy 2021 infrastructure bonds?
How to apply
- You can apply online to invest in an infrastructure bond, if you have a demat account.
- You require a demat account and a PAN to trade in infrastructure bonds.
- You can apply for these bonds in the physical form.
- These bonds have a maturity period of 10 years and a lock in period of 5 years.
What is long term infrastructure bonds?
Infrastructure bonds are good for people who need a fixed income. They offer a decent rate of interest and tax benefits. The maturity of these bonds is often between 10 to 15 years with an option to buy-back after a lock-in of 5 years.