Another chance to invest to get income benefit under Sec.80 CCF upto Rs.20000/-.L&T is a good company and its bonds are secured.
The face value of each bond is Rs.1000. It is in the nature of Secured, Redeemable, Non-Convertible Debentures having benefits under Section 80CCF of the Income Tax Act, 1961 upto the value of Rs.20000. The Minimum Subscription will be Five (5) Bonds and in multiples of One (1) Bond thereafter. The interest rate is 9% payable annually or it can be cumulative interest.The bonds are proposed to be listed on BSE after certain time so that it can be traded by investorsFor more details visit http://www.shvoong.com/business-management/investing/2232904-infra-structure-bonds-2011-12/
C.R. Venkata Ramani