IDFC long term infrastructure bond

IDFC long term infrastructure bond is closing on 4th Feb 2011. You can save 20 thousands from income Tax above 1 Lakhs limit under Section 80CCF. You can purchase in form of Physical form if you are not having any DMAT account. If you are having a DMAT account, then you can put it in your DMAT account & trade in it after lock-in period that is 5 years.

Infrastructure Development Finance Company (IDFC) is in field of infrastructure project. This company is having a big profile in highway development projects. So it is a good opportunity to invest in it via a long term bond. Also it will save tax in this financial year.

You will get assured 8% interest rate on this long term bond.