IFCI has announced a 10year Tier-II Bond Issue.
1- Interest Rate = 10.5% P.A
2- No LOCK-IN period. You can sell the bonds on BSE after receiving your annual interest even on year 1.
3- If you invest 1,00,000rs (1lakh) today, then it will become 2,71,400rs after 10 years. (The interest accumulates).
4- This product is better than any Bank Fixed Deposit where the highest interest is 9.25% - 9.4% as of today.
5- There is no entry load and no exit load.
