Save Tax Invest upto Rs. 20000/- u/s 80 CCF (Above limit of Rs. 100000/-)

Rural Electrification Corporation (REC), has launched tax free infrastructure bond from January 12, 2011. The issue will close on March 28, 2011. REC Infrastructure Bond has 2 options



(IDFC INFRA BONDS)


Option 1
Investment period of 10 years – Interest rate is 8.1% per year

Option 2 – Investment period of 10 years with buyback option after 5 years – Interest rate is 8%. Buyback option means investor can sell the bond back to REC after 5 year and take the money back.

The minimum investment amount in REC Infrastructure Bond is Rs 10,000. After Rs 10,000 investment bond can be purchased in additional investment amount of Rs 5,000. The bond can be purchased in demat and physical forms.

The bonds are proposed to be listed on BSE and NSE. Bonds can be sold on stock exchange only in demat format.

Issue Highlights of Long Term Infrastructure Bonds - Series I

          For Application Form click here

          For copy of Information Memorandum click here

          Application Forms are available with empanelled Arrangers (click here for list of              Empanelled Arrangers)

          Application Forms can be deposited with all branches of UBI, IDBI & designated              branches of HDFC & Canara Bank (click here for list of designated branches)

          Our Registrar to the Issue :
             M/s  Beetal   Financial   & Computer Services  Pvt.  Ltd.,
             Beetal   House, 3rd  Floor,  99  Madangir, 
             Behind  Local  Shopping Center, New Dehi -110062
             Phone No. 011-29961281
             Email:

         For any assistance or clarification please contact:
            REC LIMITED, Bond Section
            Core-4, SCOPE Complex
            7, Lodhi Road
            New Delhi - 110003 
            Phone : 011-43091527, 011-24361320
            Tollfree No. : 1800-200-1333
            Email:investorcell@recl.nic.in