HUDCO Bonds Feb

Hello sir I am Ritesh and I am here as I want to get the details of the HUDCO Tax Free Bonds 2016 so will you please provide me details??

[Shaleen]

Hudco, a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects throughout India.

It was established on April 25, 1970 as a wholly owned government company with the objective to provide long term finance and undertake housing and urban infrastructure development programmes.

The Company believes its organization occupies a key position in the GoI’s growth plans and implementation of its policies for the housing and urban infrastructure sector.

Features of HUDCO Tax Free Bonds 2016

-Issue start date: 27-January-2016

-Issue end date: 10-February-2016

-Face value of the bond is Rs 1,000.

-Minimum investment – 5 Bonds i.e. Rs 5,000 and in multiple of 1 bond thereof

-Interest rates and tenure (For Retail investors of < Rs 10 Lakh investment)

-10 Years – 7.27%

-15 years – 7.64%

-Non-Resident Indians (NRI’s) cannot apply for these tax free bonds.

-Retail investors who are applying above Rs 10 Lakh investment would get 0.25% less interest compared to the rates indicated here.

-Non retail investors would get an interest rate of 0.25% lower than the retail investor.

-Interest is paid every year.

-There is no tax on the interest from these bonds, hence no TDS would be deducted.

-These tax free bonds would be listed on BSE. Hence these are liquid investments, provided there is buyer in stock exchange.

-You can apply for these tax free bonds in physical form and demat form.

HUDCO Tax-Free Bonds Issue: Salient Features


HUDCO Tax-Free Bonds Interest Rate