Infrastructure Bonds

Infra Bonds will qualify for tax rebate on investment up to Rs.20000/- under Sec.80CCF, which is over & above the regular saving limit of Rs.1.00 lac under 80C.
Infrastructure Bonds
  1. In order to offer bouquet of financial products to our customers, our Bank markets Infrastructure Bonds offered by various approved issuers under Corporate distributor arrangement with SBI CAP Securities Ltd. (SSL).
  2. Infra Bonds will qualify for tax rebate on investment up to `20000/- under Sec.80CCF, which is over & above the regular saving limit of `1.00 lac under 80C.
  3. An Investor can save income tax up to `6180/-
  4. Infra Bonds are offered both in Demat or Physical mode. In case of applying in Physical mode, the investor has to attach self attested copies of the following,
    1. PAN Card copy
    2. Latest address proof (not less than 2 months)
    3. A Cancelled cheque leaf
  5. In case of Demat form, no physical proofs are required.

Currently the following Infra Bonds are on offer:

Name of the Co. Face Value Tenor Int Rate Int Payment Buy Back Last Date
NIL

For further details, please contact Merchant Banking Dept., H.O. (040-23387382/756)

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