NHAI TAX FREE BOND

The issue will open today and closes on 31 December 2015, with an option of early closure.

The interest Income from the Bonds is exempted from levy of Income Tax

Income tax payers who pay taxes at 20% and 30% rates, stand to gain the most if they invest in National Highway Authority of India (NHAI)'s Rs 10,000-crore tax free bond offering that is opening on Thursday.

On the other hand, those who don't have to pay income tax and those pay at the 10% rate, can get a slightly better deal if they keep their money in FDs of select banks.

Issue Price : 1000 rs (single Bond)
Minimum Application is 5 Bonds valuing at 10000 Rs
Interest rate 10 Years : 7.39%
Interest Rate 15 Years : 7.60%
Interest Payment : Annual

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