- TAX SAVING BOND
- REGULAR INCOME BOND
- MONEY MULTIPLIER
BOND
Tax
Saving Bond
Investors can avail of rebate
under Section 88 of the Income Tax Act, 1961 by investing in this Bond.
The proceeds from this Bond
shall be deployed towards infrastructure projects in accordance with the
Income-tax Rules.
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry
of Finance, Government of India has vide its letter F.NO.178/57/2000-IT(AI)
dated August 17, 2000 declared the Tax Saving Bond as eligible security
for the purpose of clause (xvi) of sub-section (2) ofSection 88 of the
Income-tax Act, 1961. The tax rebate under Section 88 can be availed of
by NRIs provided NRIs opt not to be assessed under the Special Provision(s)
of Chapter XII-A of the Income-tax Act, 1961.
Save Tax under Section 88. Earn
10.50%** p.a. for 3 years (Option I)
OR
Invest up to Rs. 80,000/- and Save Tax under Section 88 (Option I &
II)
| Option |
I |
II |
| Tax Benefit
under Sec |
88 |
88 |
| Issue
Price (Rs.) |
5,000/- |
5,000/- |
| Face Value(Rs.) |
5,000/- |
7,000/- |
| Tenure |
3
years |
3
years 4 months |
| Interest(%)
(p.a.)* |
10.50 |
DDB@
(YTM 10.6%) |
| Interest
Payable |
Annually |
DDB@ |
| Minimum
Application |
1
Bond |
1
Bond |
Yield
to Investor (%)*#%
(Including Tax Benefits) |
21.7
|
19.7
|
| @ |
Tax Saving Bond Option II is in the
nature of Deep Discount Bond (DDB), hence no periodic interest is
payable. |
| * |
Subject to TDS as per the
then prevailing tax laws. |
| # |
It has been assumed that a surcharge
of 15% of tax is payable in case of both the options. |
% |
Rounded off to nearest multiple of 0.1 |
| ¥ |
ICICI Bank would ensure full and firm allotment
against all valid applications for the Tax Saving Bond. |
Top
Regular Income Bond
Monthly Income Plan : Earn
10.75%* p.a. payable monthly for 5 years (Option I)
OR
Earn 11.40%* p.a. for 5 years (Option III)
Choose any/all of the following
options:
| Option |
I |
II |
III |
| Issue Price/Face
Value (Rs.) |
5,000/-
|
5,000/-
|
5,000/- |
| Minimum
Application |
3 Bonds
|
2 Bonds
|
1 Bond
|
| Tenure |
5 years
|
5 years
|
5 years
|
| Interest(%)
(p.a.)* |
10.75
|
11.00
|
11.40
|
| Interest
Payable |
Monthly
|
Half-Yearly
|
Annually
|
| Yield to
Investor (%)*# |
11.3
|
11.3
|
11.4
|
| * |
Subject to TDS as per the then prevailing
tax laws.. |
# |
Rounded off to nearest multiple of 0.1 |
Top
Money
Multiplier Bond (in the nature of Deep Discount Bond)
No Early Recall
Rs. 5,000/- becomes Rs.50,000/-* in 21 years 3 months (Option V)
OR
Rs. 5,000/- becomes Rs.25,000/-* in 15 years (Option IV)
OR
Rs. 5,000/- becomes Rs.15,000/-* in 10 years 3 months (Option III)
OR
Rs. 5,000/- becomes Rs.10,000/-* in 6 years 6 months (Option II)
OR
Rs. 5,000/- becomes Rs.7,475/-* in 3 years 10 months (Option I)
Choose any/all of the following options:
| Option |
I |
II |
III |
IV |
V |
| Issue Price
(Rs.) |
5,000/-
|
5,000/-
|
5,000/- |
5,000/- |
5,000/- |
| Tenure |
3 years 10 months
|
6 years 6 months
|
10 years 3 months |
15 years |
21 years 3 months |
| Face Value
(Rs.) |
7,475/-
|
10,000/-
|
15,000/- |
25,000/- |
50,000/- |
| Minimum
Application |
1 Bond
|
1 Bond
|
1 Bond |
1 Bond |
1 Bond |
| Yield to
Investor (%)*# |
11.1
|
11.3
|
11.3 |
11.3 |
11.4 |
| * |
Subject to TDS as per the
then prevailing tax laws.. |
| # |
Rounded off to nearest multiple of 0.1 |
¥ Regular Income Bond
and Money Multiplier Bond : Preference in allotment, up to 70 percent
of the Issue size, after allotment of Tax Saving Bond, for applications
for up to a total of 50 Bonds (not including Tax Saving Bond) by Individuals,
Minors and Kartas of HUFs.
¥ Regular Income Bond and Money Multiplier
Bond : Preference in allotment, up to 67 percent of the balance of the
Issue size, after allotment of Tax Saving Bond and preferential allotment
as above, for applications by private/public religious/charitable trusts
and any other investors requiring approved security status for making
investments
|
