Features of IRFC

We are happy to inform you about a unique opportunity of Tax Free Bonds offered by Government of India's (GoI) enterprise Indian Railway Finance Corporation Ltd. (IRFC) totaling to Rs. 3,000 crores with an option to retain oversubscription upto the Shelf Limit  (i.e. upto Rs. 6,300 crores). For a long time, Non-Resident Indians (NRIs) were restricted from investing in Reserve Bank of India's (RBI) taxable / tax-free bonds and hence this opportunity of investment is unique particularly for NRIs .It is also as good as NHAI's and PFC’s Tax Free Bonds.

Salient features of IRFC's TAX FREE BONDS offer are :-
 

.01 IRFC is a financing arm of Indian Railways.

.02 Bonds Issue size        

:-  Rs. 3,000 crores with an option to retain oversubscription upto the Shelf Limit  (i.e. upto Rs. 6,300

    crores) (app. US$ 1.25 bn)

.03 Credit rating                 

:-  CRISIL, ICRA  & CARE- all ratings "AAA".

.04 Tenure                          

:-  10 years / 15 years - however transferable after allottment through demat account. 

.05 Proposed  listing         

:-  Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

.06 Interest                         

:-  8.15% and 8.30% for 10 and 15 years respectively for RETAIL investors.
    8.00% and 8.10% for 10 and 15 years respectively for OTHER investors (QIB + Corporate & HNI).

.07 Minimum application 

:-  Rs. 10,000 - Retail and Rs. 5,00,000 for HNI.

.08 Investment Bank A/c. 

:-  Non-Resident External (NRE) account for repatriation basis and

 

    Non-Resident Ordinary (NRO) for non-repatriation basis.

.09 Taxation                       

:-  Exempt from income tax in India - no Wealth Tax or Gift Tax too.

.10 Holding                        

:-  Jointly upto three applicant NRIs.        

.11 Nominee                     

:-  NRI or resident Nominee can be appointed.

.12 Signature                    

:-  Self or Power of Attorney (attested copy necessary).

.13 Loan / Lien

:-  Investors can avail loan against bonds and and a lien / charge can be created on the bonds.

.14 Issue Date

:-  27th January on 1st come basis till oversubscription.

.15 LINK :-  http://www.femaonline.com/femademo.php?id=16
.16  DOWNLOADING PROCEDURE :-  .01  Click on - Download Application.

.02  To avail / take a physical print out of the following, please follow the instructions mentioned herein:-

i.     Click on  -  Select issue and select IRFC from the drop down menu;

ii.    Click on  -  Select No. of Forms and select it from drop down menu as 1, 2 or as desired)

iii.   Click on  -  

iv.   Get Forms 

Click on  -  Download Form No. 1

vi.   Please take a print out.

v.    For guidance, you can view a specimen copy of filled form on our website at

 

 

Notes Download Application

Specimen Application

for Guidance

Contact us for Application

 
 
Dear Friends,
 

Good wishes.   We are happy to inform you that the application form of Indian Railway Finance Corporation Ltd. (IRFC)  tax-free bonds are now available.  We are forwarding details for downloading the forms from our website with our Agent Code 991172.  The link for downloading the forms is provided herein:-

 

1.   LINK    :-   http://www.femaonline.com/femademo.php?id=16

 

.2  DOWNLOADING PROCEDURE

.01  Click on - Download Application.

.02  To avail  / take a physical print out  of the following , please follow the instructions mentioned herein:-

i.     Click on  -  Select issue and select IRFC from the drop down menu;

ii.    Click on  -  Select No. of Forms and select it from drop down menu as 1, 2 or as desired)

iii.   Click on  -  

iv.   Get Forms 

Click on  -  Download Form No. 1

vi.   Please take a print out.

v.    For guidance, you can view a specimen copy of filled form on our website at http://www.femaonline.com/femademo.php?id=15

 

2.    Applicant Requirements:-  Self Attested Documents required to be submitted are :-
.01  Driving License OR    Electricity Bill    OR   Landline telephone bill  OR  Latest Bank Statement showing name and address.
.02  Self-attested photocopy of cancelled cheque of NRE / NRO account.
.03  Self-attested copy of PAN card.
 
3. Cheque in favour of
.01 For NRI / PIO - original cheque of NRE / NRO account of application amount favouring "IRFC Tax Free Bonds – NRI Escrow Account – Tranche I".
.02 For FII - original cheque of NRE / NRO account of application amount favouring "IRFC Tax Free Bonds – FII Escrow Account – Tranche I".
.03 For resident applicant  OR non NRI/FII - original cheque of Bank account of application amount favouring "IRFC Tax Free Bonds – Escrow Account – Tranche I".
.04  If the cheque does not mention First Applicant's name and NRE or NRO Account No. on the face of the cheque, then copy of  latest bank statement mentioning Name of First Applicant  AND  NRE / NRO Account No.is compulsory.
 
4.   Cheque / DD should be "A/C Payee only ".

 

5.   Please write on back of the cheque:- First Applicant's Name in full;   Application Number and  Telephone Number with overseas country code.

 

6.   Please retain a photocopy of application form and cheque and if found appropriate forward the same to us by email.

 

7.   Please courier the said documents in original to

      Mr.  Hemant Tiwari,

      Relationship Manager, 

      A. K. Stockmart Pvt. Ltd.

      30-39, Free Press House, 3rd Floor, 
      Free Press Journal Marg,

      Nariman Point,

      Mumbai 400 021, India;

      Tel. (B) +91-22-6754 6500 Ext. 759 (M): +91-9271213638.

      [ A/c Keynote Consultancy ]

 

8.   Please forward the courier details such as Consignment Note No., date etc. whereupn we will track the courier.

 

9.   For details of filled up form, you can view a specimen copy of filled up form on our website at  http://www.femaonline.com/femademo.php?id=15

 

As the interest rates in India are at peak, the bonds are an excellent long term opportunity with the option of sale/liquidity  at any time.

 
Happy Investments.

 

 

 

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