State-run Rural Electrification Corporation Ltd. (REC) proposes to publicly issue bonds, declared highly-safe for investment. Additionally, these bonds will be tax-free, secured, redeemable and non-convertible of face value Rs. 1000 each.
REC finances and promotes rural electrification projects across the country. It occupies a key position in Government of India's growth plans for the Indian power sector.
Why you should invest
Attractive tax-free returns (coupon rate): Upto 7.72% p.a. for 10 years and upto 7.88% p.a. for 15 years.
Listing on NSE and BSE.
Tax benefits under Section 10 (15) (iv) (h) of the Income Tax Act, 1961.
Ratings indicating highest safety for investment: ‘CRISIL AAA /Stable’ by CRISIL, ‘CARE AAA’ by CARE,’ [ICRA] AAA’ by ICRA and ‘IND AAA’ by India Ratings and Research Pvt. Ltd.
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