Indian Railway Finance Corporation Ltd.
Key Benefits:
- Indian Railway Finance Corporation Ltd is fully owned by the government of India
- Credit Ratings: AAA/Stable by CRISIL, AAA by ICRA and CARE
- Interest on these Bonds is Tax-Free, no TDS is applicable, Wealth Tax is not levied
- No lock in period and no upper limit on investment amount
- Issue Size: Rs 1,000 Crores with an option to retain oversubscription upto Rs 8,886.40 Crores
- Additional Coupon Rate of 0.50% p.a. for Category IV Applicants
- Eligible NRIs can invest in Category III or IV
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