L&T long term infrastructure bond issue will start from 15th October and will close on November 2nd 2010. For 2011 issue of L&T infra bonds please visit
L&T Long term infrastructure Bonds 2011
Similar to the previous long term infrastructure bond issues L &T issue will also have a maturity date of 10 years and a lock in period of 5 years. Buy back option will be available two times once after 5 years and after 7 years. This issue will also have 4 options but little different than IDFC issue. Buy back option after 5 years with annual interest payment, Buy back option after 5 years with cumulative interest, Buy back option after 7 years with annual interest payment and buy back after 7 years with cumulative interest.
Interest rate for 5 year buy back option is 7.5% and it is 7.75% for buy back after 7 years option. Face value of each bond is Rs 1000. Buy back date is first working day after the required buy back period i.e. after 5 years or 7 years. If you opt for annual interest payment, the interest will be automatically credited to your bank account mentioned while filling up of the form.
ICRA has assigned a credit rating of LAA+ and CARE has assigned CARE AA+ ratings to the issue, which indicates a stable outlook. Bank of Maharashtra is acting as “Debenture Trustee” to the issue. Lead managers to the issue are ICICI Securities Limited, JM Financial Consultants Private Limited and SBI Capital Markets Limited
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Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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{ 101 comments… read them below or add one }
I want to invest in L&T Infratructure Bond.Can it be done online?
Hi Sugata,
Please go through below post
http://lastbull.com/how-to-apply-for-lt-infra-bonds-issue/
I am interested to invest in L&T infrastructure bond.pleas give information for starting this fund
Hi Breejith,
L&T infrastructure bonds issue was closed. If you meant L&T infrastructure fund, which is a mutual fund, you can either contact the L&T mutual fund office or CAMS and invest.
Yes, it can done online using your demate account.
I want to avail rebate under sec 80CCF of income tax act, however I do not have any demate account in my name. L&T has offered infrastructure bonds in physical form. Whether income tax rebate would be available to me, if I buy infrastructure bonds in physical form.
Hello All,
@ RS Jain – Yes the rebate will still be available.
For any further information on L&T Bonds or investment feel free to call me on +91-9870-147-154.
Happy Investing!!
I want to avail rebate under sec 80CCF of income tax act, however I do not have any demate account in my name. L&T has offered infrastructure bonds in physical form. Whether income tax rebate would be available to me, if I buy infrastructure bonds in physical form.
I want to invest in L&T Infrastructure Bond.How Can it be done rply me?
@ Gagan – Even if you invest in physical form you will get the income tax rebate.
However, the interest itself is not tax free. It’s only the Rs. 20,000 you get reduced from your taxable salary that helps save tax.
Where are you put up ? We can send our guys and get it done for you.
Feel free to write to me @ iikazi81@gmail.com to call me @ +91-9870-147-154.
Imran
I want to invest in L&T Infrastructure Bond.How Can it be done ? plz reply me.
which is the last date for invest to awail deduction U/s.80ccf in L & T Infra. bond.
I want to invest in L&T Infrastructure Bond.How Can it be done ? plz reply me.
Sir/Madam,
Would you please let me know how much tax can I save by investing in the L & T Bonds . It is also to confirm that I have already made my savings upto 1,00,000/- and I want rebates over and above Rs. 1,00,000/-
Thanks
Deepak
I want to purchase L&T Infrastructure Bond online . how ?
Please update if L&T Bond is fully subcribed ?
L&T infra bonds issue was closed. Earlier it got extended to November 15th from November 2nd.
The maximum investment on which you can avail tax benefit is Rs 20K. This 20K is over and above Rs 1 Lakh under section 80(C)
L&T Infrastructure bonds issue got oversubscribed. The actual issue was for 200 Crore and it got subscriptions for around 250 Crores. The company has got permissions from SEBI to retain an excess of Rs 500 Crore (Total of 700 Crore) if the company wants. So everyone who has applied for the issue would get bonds.
Those who haven’t applied for infrastructure bonds can wait for second phase of the issue which may come up in early next year as per L&T. We may also see LIC infra bonds in near future.
http://lastbull.com/lic-infrastructure-bonds-%E2%80%93-issues-to-be-clarified-before-floating-bonds/
Dear All
I’ve applied for L&T Infrastructure bonds online(reliance securities).How do i know about allotment details?I haven’t yet received any communication.
Thanks & Regards
Vishal
Hi
I got a message from NSDL that the bonds have been deposited in my DEMAT account. I applied for the bonds via SHAREKHAN. But I can not see the bond details in my Demat account. Trying to contact LnT for the same
Himanshu
The bonds can be seen in ledger (your sharekhan account). But for availing tax benefit, a copy of allotment letter is required. L&T (its agent) has not sent any allotment letter or printed intimation till date. Did you get any such thing?
I got a message from NSDL that the bonds have been deposited in my DEMAT account. I applied for the bonds via SHAREKHAN. But I can not see the bond details in my Demat account. Could you tell me the navigation for seeing the infra bond details in Sharekhan
Raj
I have applied for infrastructure bonds on 02.11.2010 vide application no.7 1411418. I am yet receive the bond certificate. When do I get it?
I have applied for L and T infra bonds by SBIcapsec Dmat on 21.10.2010. But till date i have not received any communication or response. Kindly update me for the same.
Hi all,
L&T infra bonds were allotted by the company and got credited to demat accounts a few days back. Please check and post your comments.
Any infra bond, in which I can invest now onward ( Dec 11, 2010) ?
Hi Shailesh,
IIFCL, Power finance Corporation and LIC may issue tax saving infrastructure bonds early next year. We can expect second phase of L&T infra bonds as well.
I have applied for infrastructure bonds on 12.11.2010 vide application no.7 838008 and 7838009. I have not yet receive the bond certificate. When do I get it?
i wold like to purchase infrastructure bond in next month please guide which one are best . How i can get immediately.
regards
Hi Deshraj,
As far as I am aware, there are no infrastructure bonds available at the moment and no information of forthcoming issues. Please keep visiting the site, I will update if I come to know of any.
In case of L&T, the govt allowed them to raise an extra capital of Rs.500 Crore on account of over subscription. Where can we find such information as this seems to be missing from the prospectus.
I have applied for L and T bonds, but not credited in my account. Kindly send me official mail where i can contact to concern people.
IFCI infrastructure bond is closing on december 31 2010. It is a very good opportunity to claim tax exemption on additional Rs 20,000. Infra bond is better option than SIP for 5 years.
I have applied for L &T Infrastructure bond it is credited to my demat account. Now to claim excemption I should have either Copy of the eligible Bond’s Certificate / Allotment Letter / Paid receipt on or after 1st
April 2010 for self for the current financial year 2010-2011.
In demat account it just like a stock it is display. Please provide contact no. or how do get any of this copy to claim the excemption.
Hi,
I want to buy Infra bond. Please can any body suggest good one.
To buy one infra bond is demat a/c must??
Debashis
Hi Debashis,
Please visit the below links to know about current infrastructure bonds in the market.
http://lastbull.com/how-to-apply-for-ifci-seriesii-infrastructure-bonds-allotment-and-buy-back-dates/
http://lastbull.com/ifci-seriesii-infra-bonds-%E2%80%93-section-80-ccf-tax-saving/
Tax Free IFCI Infrastructure Bond closing on 31 december 2010. Last chance to save Taxed under section 80CCF.
Sir,
I have submitted an application for L&T Tax saving infrastructure bonds on 26/10/2010 for Rs.20000/-. The money is cleared from the bank on 30/10/2010. The application number is 42140206. I am yet to receive the bond. I am requesting to e-mail the details and delay of the bond in phisical format.
Thank you
C.Prabhakaran
Their are too many options to invest in L&T bonds.Extra to investers.Good luck.
gopal.surangekar@rediffmail.com wrote
“Pls mail me the contact person or a firm in Goa who will provide me the infrastructure bond investment details.”
Hi Gopal,
IFCI infrastructure bonds are live now and will be open till tomorrow. Please talk to any HDFC bank and get details.
If you have online stock trading account. You can apply and get bonds online.
Happy new year!
I have applied for L &T Infrastructure bond it is credited to my demat account. Now to claim excemption I should have either Copy of the eligible Bond’s Certificate / Allotment Letter / Paid receipt on or after 1st
April 2010 for self for the current financial year 2010-2011.
In demat account it just like a stock it is display. Please provide contact no. or how do get any of this copy to claim the excemption.
I have applied for L &T Infrastructure bond it is credited to my demat account. Now to claim excemption I should have either Copy of the eligible Bond’s Certificate / Allotment Letter / Paid receipt on or after 1st
April 2010 for self for the current financial year 2010-2011.
In demat account it just like a stock it is display. Please provide contact no. or how do get any of this copy to claim the excemption
Hi,
I want to buy Infra bond. Please can any body suggest good one.
To buy one infra bond is demat a/c must??
Rohit
I have applied for L &T Infrastructure bond under application no : 23347714 for Rs.20,000/- it is not credited to my demat account. Now to claim excemption I should have either Copy of the eligible Bond’s Certificate / Allotment Letter / Paid receipt on or after 1st
April 2010 for self for the current financial year 2010-2011.
In demat account it just like a stock it is display. Please provide contact no. or how do get any of this copy to claim the excemption.
send email to
SecTrainee@ltfinance.com,
investor2010a@ltinfra.com.
they helped to send me the copy of allotment letter and L&T paid the intrest of 3% for the period from application to allotment.
really good.
thanks
I want to invest in Infrastructure Bonds which is exempted u/s 80 CCF of the Income Tax Act. Please suggest how & where to invest.
I am looking for long term infrastructure bonds. for getting tax exemption under section 80 CCF of IT act. plse let me know the procedure and also provide the soft copy of application.
I may be contacted on 09948107113.
Friends, IFCI Series II infra bonds issue got extended to January 12th. So those of you who haven’t applied for infra bonds, do immediately. Forward the below article to your friends who need it.
http://lastbull.com/ifci-seriesii-infra-bonds-%E2%80%93-section-80-ccf-tax-saving/
I am mailing you the forms and the required details
kindly courier the same to me asap
Dear sir;
Please send my details of INF. Bond ,which details is must to submit for my office for tax saving purpose .
the detail of my bond which is available in my D-mat account
IN301557
client id-21896973
ISIN- INE691107190
L&Tinfrastructure finance co limited Sr-47.5
BD 02DC20
FVRS1000
Pl send the details in hard copy through post , so i can submit the same in me office
thanking you
P S Chaudhary
09412076373
P S
You can just take the printout of the screen in your demat account where it shows that you have purchased the bond. This is enough to claim tax benefit.
I have applied for L &T Infrastructure bond through application for
Rs.20,000/- it is credited to my demat account. Now to claim excemption I should have either Copy of the eligible Bond’s Certificate / Allotment Letter / Paid receipt for self and for the current financial year 2010-2011.
In demat account it just like a stock it is display. Please provide contact no. or how do get any of this copy to claim the excemption.
Our officer not satisfied with this print as sugested by you.
Becouse some of other officer submit their BOND provided by you
Therefore you are requested pl. provide me the same.
p S Chaudhary
9412076373
P S,
I usually take printout to claim my tax deduction. The printout is legal document.
The other thing to do is that most of the DMAT account brokers (ICICI direct, share khan etc) send you monthly demat statement. You can take the printout of the statement and submit.
This is perfectly valid document.
Hi,
1. Is there any infra bonds ope / available now for subscription?
2. Can one invest in it without having a demat A/c ?
Awaits reply………thanks………. Benny
Yes IDFC infrastructure Bonds Tranche 2 is there where u can invest in physical form also . U need not have a demat account
Call me on 09819824260 and I would do the needful
Hi,
I want to invest in any of the infrastructure bond available in market.
Could you please Give me complete details.
1. who are all giving these bonds?
2.which is better Demat or Physical form?
3.I feel buy back option is bad? what you say?
IDFC Infrastruture bonds are there
Its available in both physical as well as in demat form
Demat is more better as you can redeem it from any part of country within minimum time as its going to be traded on exchange after 5 yrs
Buy back should be selected because if there are no buyers after 5 years , you can exit
Call – 09819824260
IS THAT L&T INFRASTRUCTURE BOND IS STILL OPEN TO INVEST.
Hi Lalita and Pandit,
IDFC (http://lastbull.com/idfc-series-ii-infra-bonds/) and REC (http://lastbull.com/rec-infrastructure-bonds-fy-2010-%E2%80%93-2011/) infrastructure bond issues are open at present. I think we can see Power Finance Corp’s infra bonds issue soon.
I feel Demat would be a better option.
Pandit, why do you think buy back is a bad option? For tax saving you need to invest for a minimum of 5 years and after that if you sell them to the company (buy back from company’s perspective) you can invest your money in other high return investments.
I have applied for L &T Infrastructure bond under application no : 2714016 for Rs.20,000/- it is not credited to my demat account. Now to claim excemption I should have either Copy of the eligible Bond’s Certificate / Allotment Letter / Paid receipt on or after 1st
April 2010 for self for the current financial year 2010-2011.
In demat account it just like a stock it is display. Please provide contact no. or how do get any of this copy to claim the excemption.
Hi Ravi Kumar,
Did you get your money back? If yes, please apply for current infra bonds available in the market like REC infrastructure bonds.
If you haven’t got your money back, first talk to your broker.
Dear sir
I wish to bring to your notice that i had applied for L&T infra bond in physical form on 09.11.2010. But tilldate i did not receive the bond. The cheque is been dibited from my account on 13.11.2010. please look in to my grievance and arrange to settle matter at the earliest,and oblige
Regards
Ramesh
r
Hi Ramesh,
Our site just provides information about infra bonds and other details. We are neither agents nor distributors of any of the issues. Please make sure to know the details before investing.
Please visit the Infrastructure bonds FAQ link for more details.
http://lastbull.com/infrastructure-bonds-faq/
I read about LT Infra bond relaunch in Feb month.
I’m eager to apply for this one, kindly tell me the interest rates they are offering & whether i can get tax benefit of more than Rs.20k in this one
HI RAJNISH L & T INFRA BOND GIVING INTEREST UPTO 8.30% AND U GET TAX BENEFIT ON MAXIMUM 20000 ONLY
Hi Rajnish,
You are correct L&T is coming up for second tranche of infra bonds. You can find details here.No, the maximum amount on which you get tax benefit is Rs 20K
http://lastbull.com/lt-section-80-ccf-infrastructure-bonds-%E2%80%93-2011-a-series/
http://lastbull.com/lt-to-issue-second-tranche-of-infra-bonds/
Rajnish: The L&T Infra Bonds have 2 options Series 1 & 2. Series 1 is offering simple interest in the form of yearly payments at 8.20% p.a.,whereas Series 2 offers compund interest at 8.30% p.a.In either series you will be alloted the buyback option by default.. Please note, even if you invest more than Rs. 20,000 the maximum tax exemption you can avail is Rs. 20,000 under 80CCF. For an investment of Rs.10,000 I have enumerated the payout structure below.
Series 1
Investment : Rs.10,000/-
Yearly payout: Rs.820/-
Maturity amount :Rs.10,000/-(at the end of 10 years)
Series 2
Investment : Rs.10,000/-
Yearly payout: ——NIL—–
Maturity amount :
Rs.14,898/-(at the end of 5 years) or
Rs.17,474/-(at the end of 7 years) or
Rs.22196/-(at the end of 10 years)
Hope the above satisfy your queries. For any queries feel free to contact.
Inderjeet Bhatnagar
please tell about L&T BONDS.
Hi Aiswarya,
For current L&T infrastructure bonds, please visit http://lastbull.com/lt-section-80-ccf-infrastructure-bonds-%E2%80%93-2011-a-series/
how shall i get my application status of APPICATION NO.11756265 OF L & T INFRA BONDS 2011A
Hi Lakhsmi,
The subscriptions are still open for L&T infrastructure bonds 2011 A series. So you will need to wait for 15 – 20 days for status.
hi,
sir,
Receipt of L&T infrastructure bonds is required urgently for submission of IT refunds. The same may please be send my Email add. my application no.22353411
Thanking You
KISHOR MODHIA
I HAVE TO SUBMIT THE DETAILS OF BONDS ALLOTED TO ME SO KINDLY LET ME NOW THE PRESENT STATUS OF THE APPLIED BONDS BY APPLICATION NUMBER: 11371628 THROUGH BY MAIL AS MENTIONED ABOVE
Hi KISHOR/Rashmi,
Please contact your agent or L&T for bond certificate. We just provide information about infrastructure bonds.
Sir
Where can i get the bond application and where i have to pay the same iam interested in investing 20k pl inform me
Hi Ramesh,
L&T infrastructure bonds issue is closed now. You can invest in infra bonds of REC or PFC. Please visit the below links for more information.
http://lastbull.com/rec-infrastructure-bonds-fy-2010-%E2%80%93-2011/
http://lastbull.com/pfc-infrastructure-bonds-2011/
i applied to l&t infra bond in my anty’a demat account but still today i din’d received bond in my anty’s account
what is the prosijer to received bond in my anty’ account
My application No. 2 9470663 for L&T Infra Bonds, A-Series-2011 was deposited on 10-02-2011 at 148, Axis Bank Ltd, Barakhamba Road, New Delhi-110001 and the cheque was cleared on 14-02-2011, BUT as on date (31-03-2011) the bonds have not been received by me. Kindly dispatch the bonds by courier/speed post urgently- Mrs. SUNITA JUNEJA
I also applied for L&T bonds in physical form. I received following email notification (given at the end) on 24-Mar-11. I was able to download allotment advice from the given link. I also have a credit of the interest (Rs. 85.48) in my bank account. But till date, I haven’t received physical bond certificate on my address. I tried to call their numbers (18001022131 & 022-40605444), but nobody receives the call. Also, I emailed to investor2011A@ltinfra.com, but it gave me failure delivery. Finally, I emailed to savetax@ltinfra.com and yet not received any response. Has anybody got the certificate?
Dear Investor,
20 L&T Infra Bonds 2011A Series have been allotted on 23.3.2011. Allotment Advice is being dispatched along with Debenture Certificate/Refund Order / Interest Warrant by Speed Post. You may also download the Allotment Advice through our website http://www.shareproservices.com
Click here to access Allotment Advice.
Regards
Customer Care
Sharepro Services (India) Pvt. Ltd.
*** This is an auto-generated email. Please do not reply ***
I just got certificate yesterday (08-Apr-11).
I had applied for L&T infra Tax saving Bonds 2010-2011 in my as well as my wife’s name(DAISY PANDITA) for Rs 20000/- each on 28.02.2011 as per application nos 29468366 and 29468349 respectively. Both the cheques of Rs 20000/- each have been debited from my account on 03.03.2011. Till date I have not received the Physical Bonds and intt upto 31.03.2011 have also not been credited on our spacified accounts. All my colleagues who had applied alongwith me have received bonds as well as intt. Why so and what to do.
I had emails to Mr prakash khare, Compliance officer and investor grievance cell also but all in vien.
I have not got physical form of bonds
I HAVE APPLIED FOR L&T INFRASTRUCTURE BOND IN MARCH 2011 THRU ASBA (ICICI BANK). AS PER ADVICE RECEIVED THE SAME HAS BEEN ISSUED. BUT THE SAME HAS NOT YET BEEN CREDITED IN DEMAT A/C(MAINTAINED IN ICICI BANK). PLEASE LET ME KNOW THE STATUS. PLEASE ALSO LET ME KNOW WHERE SHALL I HAVE TO WRITE IN CASE OF NON RECEIPT OF BONDS IN DEMAT A/C.
Sir,
sir I want to save my tax minimum Rs 2000 write now which is the current infrastructure bond or other bonds , please guide me
My application No. 1 – 3887927 for L&T Infra Bonds, , BUT as on date (11-05-2011) the bonds have not been received by me. Kindly dispatch the bonds by courier/speed post urgently- Shaikh Hamid Abdul Rahim
I had applied for L&T INFRA bond on 02.11.2010 vide application no.18420314 thru Integrated Enterprises Ltd. but till date I have not rcvd the Bonds in physical form. The services are really deplorable, since I emailed the company & also contacted the IEP people. I think I have to tighten my stand to get the job done from L&T company.
My application No. 17402798 for L&T Infra Bonds2011A series, , BUT as on date (1-06-2011) the bonds have not been received by me.
DEAR SIR,
REF: APPLICATION No.12249470, ALLOTMENT ADVICE No.13803
MY CLIENT HAS APPLIED FOR YOUR BONDS AND THE ALLOTMENT WAS MADE FOR Rs.9000/- AND REFUND OF Rs.11000/- IS NOT RECEIVED TO MY CLIENT’S BANK ACCOUNT.
PLEASE ARRANGE TO REFUND THE BALANCE AMOUNT IMMEDIATELY WITH BELATED INTEREST.
THE ADDRESS NOTED ON THIS ALLOTMENT LETTER – THE PIN No. IS 636008 AND NOT 636006.
PLEASE CHANGE YOUR RECORDS AND FORWARD CERTIFICATE IMMEDIAELY.
REGARDS,
P.T.NATARAJAN,
CONSULTANT FOR INCOME TAX AND VAT,
SALEM-636006
94434-07490
Hi Natarajan,
This is not L&T website. Please post your query on their site.
sir,
I have invested Rs.20k in L&T infrastructure Baonds,i am having only receipt of the payment made to HDFC bank,how i will be able to know my bonds details,i am having Demat a/c in my name. pl guide.
Hi Kale,
It seems you purchased the infra bonds offline. Since you have demat account, you should have purchased online by logging into your demat account.
In case of offline transactions, they send the bond certificates to the address you provided at the time of purchase. Please contact the bank for details of tracking your purchase request.
BTW, Have you checked the below page?
http://shareproservices.com/AppStatus.asp
Sir, Ihad invested in your tax saving infrastructure bond for Rs20000.
Receipt no985081, form no. 16151231, date 24.02.2011.
Despite of four months lapsed , I have not recieved my physical bonds so far.
Kindly look into& resolve to save my energy, time& frustration.
Hi Suresh,
We are in no way related to L&T. We just provide information on infrastructure bonds issued by many companies.
How did you invest in the bonds? I mean, online or physical?
Have you checked the below page?
http://shareproservices.com/AppStatus.asp
can i purchase L & T infrastructure bonds for taking the advantage of rs 20000/- for fy 11/12 ?
if yes are they available ?
please inform procedure .
Hi Prama,
Yes, if you invest in infrastructure bonds you can get tax exemption on a maximum of Rs 20K this financial year too. But as per my knowledge infrastructure bonds are not available at present in the market. I will keep updating the site if I come across any.
r/sir I WAS INVEST YOUR INFARSTRUCTURE BOND ON28.02.2011 FOR RS 20000 VIDE APPLICATION NO16246627 &YOU HAVE ALLOTTED 20 BONDS NO 1684270-1684289 VIDE YOUR ALLOTMENT ADVICE NO 506043 . BUT TILL DATE I.HAVE NOT RECD. FHYSICALLY BONDS TILL TO DATE ,BECAUSE MY ADRESS WAS INCOMPLETE. MY FULL PERMANANT ADRESS AS BEOW MAHAVEER PRASAD JAIN H.N.618KESHAVPURA NEAR BIJASAN MATAJI TEMPLE KOTA 324009 RAJASTHAN
I want to invest Rs.20000/ in L&T infrastructure bond for long term, how can I do it.
How would i know the allotment of the bond? Is there any physical documents given by the organization?