Tax-free bonds from government enterprises are a good option for those in the higher tax bracket and for investing for long-term. With one to 10 years bank FD offering 7.25%-7.75% taxable interest, tax-free bonds with 7.74% coupon is attractive for those in 20% or higher tax bracket. Awareness of tax savings, by investing in government owned companies’ tax-free bonds issues, has helped recent issues offering around 7.5%. Earlier, there were issues offering nearly 8% in 2012-13 but the issues had difficulty in getting subscribed quickly.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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I applied for IREDA tfb issue on 8 january 2016 by depositing physical application form in bank and got acknowldegment at the same time. It was bidded.
Bank has not presented that cheque into my account till 12 Jan 2016. In this case what will be the status of my allotment?
Thanks
Ankush
Don't worry about the cheque clearance. It must have happened today (13th) or will happen. It has no impact on your allotment.
any online links ?
Rehearse
Kumar