PFC long term infrastructure Bond

vishal412

Active Member
#1
Power Finance Corporation (PFC), has launched long term infrastructure bond, and PFC is planning to rasie plans to raise5,300 crores through the Tax Saving Long Term Infra Bonds under Section 80 CCF from 24th Feb 2011 to 24th Mar 2011. These PFC bonds would be the last issuer to issue infrastructure bonds in this financial year. The bonds carry a interest rate of 8.30 per cent for 10 years and 8.50 per cent for the 15-year series. There is a lock-in period of 5 years for 10 years bonds and 7 years for 15 years bonds.
As per section 80CCF of income tax, an individuals can invest up to20,000 in these bonds in addition to the1 lakh limit available under Sections 80C, 80CCC and 80CCD such as life insurance premium, provident fund, PPF and National Savings Certificate.

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Should you invest in PFC's Long-term Infrastructure Bonds?