Monday, March 11, 2013

National Housing Bank (NHB Tax Free Bonds) -2013


We take immense pleasure in informing that you can now apply for the National Housing Bank (NHB Tax Free Bonds).The issue is opening on 11th March 2013.

Sr. No.
Particulars
Rate/Date
1
Rate of Interest for 10 Years Tenure
7.32% p.a. (payable annually) for Retail (Applying for amount aggregating Upto Rs.10 lacs) and 6.82% p.a. (payable annually) for HNI (Applying for amount aggregating to above Rs.10 lacs)
2
Credit Rating
“CRISIL AAA by CRISIL Ltd”
“CARE AAA from CARE”
3
Date of Opening of Issue
11th March 2013
4
Date of Closing of Issue
15th March 2013
5
Trading
NSE Ltd.(“NSE”)
6
Lock in period
Nil
7
Minimum Application Size
Rs 10000 (1 Bond) and in multiple of Rs. 10000
(1 bond) thereafter
8
Basis of Allotment
First-come First-serve basis
  
Please note that these bonds are not eligible for deduction u/s 80CCF of Income Tax Act.


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