Company: Power Finance corporation.
Coupon rate- 8.50%
for 10 years and 8.75% for 15 years.
Issue opens on: 29th Sep 2011 to 04.11.2011
Cost of each bond : Rs.5000
Those individuals who are salary earners, these bonds purchased upto Rs.20000 can give tax rebate of eligible rate under Sec. 80 CCF
as well as coupon rate of 8.50-8.75% . This rebate is above Rs.one lakh rebate under sec.80C.
C.R. Venkata Ramani