Indian Railway Finance Corporation tax

Indian Railway Finance Corporation (IRFC) tax - exempt bonds (Tax free bonds) issued by the investment was opened today.

Corporate bonds of face value of Rs 1,000 and a minimum of Rs 5,000 can be invested . IRFC 40 % of the issue is reserved for retail investors . The retail investor is said that those who invest less than Rs 10 lakh . These bonds are rated AAA by both the Ikra and care.

IRFC bond 's coupon rate of 8.48 % with a term of 10 years and a coupon rate bond with a 15 -year period is 8.65 % . This means that investors in 10-year bonds and 15 -year bonds every year 8.48 % 8.65 % every year - free returns.

These bonds will be allocated on a first come first served basis . These bonds, the National Stock Exchange and the Bombay Stock Exchange will be listed . The issue will remain open for investment until January 20.

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