Five-year lock-in for infrastructure bonds | Latest Update

Five-year lock-in for long term infrastructure bonds in Section 80CCF up to Rs 20000 in Infrastucture bonds can be put into tax-free issues of IDFC, IFCI, LIC etc.

In the Union Budget 2010 Finance Minister(Pranab Mukherjee) introduced a new section 80CCF. The Reserve Bank of India (RBI) also approved the entities. The news from Government "The bonds will have a minimum period of 10 years and this infrastructure bonds Five-year lock-in."

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