IDFC Bonds allotment and future infrastructure bond issues

I’ve received a few emails about when applicants will receive the IDFC infrastructure bonds, and since the company didn’t announce when this will happen before hand – people have been wondering when they will get the bonds.

Readers Ajay, Loney, Satish, Nageswara, Sandeep, Sangram, and Subhro (among others – it’s a really big thread so I couldn’t include all names) have left comments sharing their bond status, and that helped a great deal in getting an idea on what’s going on with this.

A big thank you to all of you for keeping everyone informed!

I don’t think everyone who applied for the IDFC Infrastructure bonds is subscribed to the comments on that post, so I thought I’d create a post from the information shared by these folks.

Let’s take a look at some of the more important points from that thread:

1. Allotment took about 3 weeks: The bond issue closed on 22nd October, and people have only started seeing the bonds credited to their demat accounts, so the time from issue closure to the actually seeing the bonds has been around 3 weeks. This will form a good reference for other infrastructure bond issues in the future.

2. Not everyone has received the bonds yet: There seems to be some mechanism by which bonds are being gradually credited across applicants, and not everyone has received these bonds yet. If your account has not been credited yet, then there is no need for alarm, as people have only recently started seeing bonds credited, and it might still take a few days for it to appear for you.

3. NSDL sent an SMS about credit of IDFC Bonds: The depository – NDSL – had sent a SMS letting people know that the bonds have been credited. However, the bonds were not visible in the account immediately. So even if you received the SMS that doesn’t necessarily mean you will see the bonds in your demat account as well.

4. No one has received the physical certificate yet: The people who have reported getting the bonds have all applied through a broker, and have demat accounts, and none of them have received the physical certificate yet. So if you have applied without a demat account, then it might take longer still for you to get the physical certificate.

Don’t press the panic button if you haven’t received the bonds yet because you are not alone, and there are several others whose money has been debited, but the bonds haven’t been credited yet.  My guess is that you should start seeing them in your demat account in the next few days.

Future Infrastructure Bond Issues

Some of you have also expressed dismay at the fact that you missed this and the L&T issue, but were interested to buy the bond for tax saving and other purposes.

The good news for you is that IDFC as well as other issuers have said that they are going to come out with more such issues towards the end of the fiscal year because that is when most people are actively looking out for tax saving vehicles, and they are likely to do a lot better at that time than now.

Finally, some people have written in asking if it’s better to wait out for a higher rate of interest than investing in this offer.

I honestly don’t know what issuers are planning for the future, based on the lukewarm response, they might sweeten the deal, but I have no way of knowing for sure.

I’d say don’t lose perspective of the fact that the primary benefit of this is of tax saving. If you’re able to wait and get a bond which offers a percentage higher, and you invest the maximum Rs. 20,000 in it – that means an additional 200 bucks extra in a year; what is that worth to you? How many hours of Googling and speculating is it really worth?

This is a personal decision really, but something worth keeping in mind the next time you speculate on whether you should wait or go ahead with it. And once again – a big thank you to all of you fine guys who left comments and kept everyone informed!

120 thoughts on “IDFC Bonds allotment and future infrastructure bond issues

  1. How would I come to know about the alottement of Bond?

    Is there anyway to find out on any site against application no.?

    Please revert.

  2. i have applied for Rs 20000 in IDFC bonds.i do not have DEMAT A/C.how many days would be required roughly for the delivery of physical certificate?

    1. Well, there has been no news on when these will start showing up, so can’t really say with confidence. I haven’t heard anyone get a physical certificate yet, so you’re not alone Nilatpal.

  3. Hi Manshu,

    If I had applied for the bonds for just 5 years with buy back option opted, will it still qualify for Tax Saving under 80CCF

      1. Thanks Manshu, was worried as my company Finance team had updated that the bonds should have a time period of >=10Years, which seems to be incorrect . So ideally if its >=5 Years we should get the tax benefit

        1. That’s the first time I’ve heard anything about it, and that info doesn’t seem accurate to me. The IDFC as well as L&T bonds are advertised and sold as having 80 CCF benefits, and the series someone chooses shouldn’t have a bearing on the tax exemption this year.

          Please keep an eye out for the physical certificate as no one seems to have received it yet. If possible, please leave a comment here when you receive the certificate as others are also looking out for theirs, and this way everyone will be informed. Thanks!

          1. sure… However, I have applied through Reliance Securities. Though, I did get an SMS long back stating that I have been allotted IDFC Bonds, its not visible in my Demat Account. Also, not sure if we would get some sort of Physical Certification, which can be used for Tax exemption.

            I am following your thread on the FAQ link as well, lets hope we get some sort of confirmation letter atleast.

  4. Hi,

    I see the bnds reflecting in my DP demat acct, but havent received in physical frmat.
    Please clarify Even for demat holders, will they send physical bonds?

  5. I have applied 4 nos IDFC infrastructure bond on 11.10.2010 for Rs.20000/- vide icicidirect.com against application no. 12007772 and dmeat a/c no. 40864889 but till now I have not received any information regarding allotment and I have not received the certificate.
    My Address has been changed so please send me my certificate on my new address as given below or send through email: [email protected]

    My New Address is as given below:
    384-A/2, Ground Floor,Gali no.-16,East Azad Nagar,Delhi-110051
    PH:011-22096742,09810577018

    I required physical certificate /Proof for submission in the office against Tax exemption.

    thanking you,
    ROHTASH KR. JAIN
    09810577018

  6. I have applied 4 nos IDFC infrastructure bond on 14.10.2010 for Rs.20000/- against application no. 3 4976819 and the amount has been debited from my account, but till date I have not received any information regarding allotment and have not received the certificate.
    Please send through email: [email protected]
    PH:8000968534
    I required physical certificate /Proof for submission in the office against Tax exemption.

    thanking you,
    Jayantibhai C. Makwana
    8000968534

    1. Hi Jayantibhai, I think you have left a comment here mistaking this for IDFC website, but this is not their site, and I think your best bet is to contact the agent / broker who sold you this.

  7. HI, I invested 20000/- in idfc through demate acount as well my dad has invested for physical form altough i received msg from nsdl thta bonds has been credited. i cant see it in my demate account and alos there is no news for my dad’s application????? : ( : (

  8. Hi,

    I had purchase 4 bound in Physical Format, the amount has been debited from account, but there is no infomation from IDFC side. you have any idea what’s doing no or if you have any connect details where I can check about the bounds ?

    Thanks

    1. Please take a look at the link I shared above for an earlier post because there are a lot of people who have commented on their status, and future course of action.

  9. I am very surprised at the way the allotment has been handled. It has been a month since the debit to the applicants’ account took place. When the whole process is electronic and almost straight thru (except for the issue of stock in physic form), this kind of delay is inexcusable. There is also no news about the bond in the IDFC website nor are any of the brokers to the issue forthcoming. The issuers seem to be under the impression that this level of servicing is adequate for the investors. I had expected a more professional approach from the HDFC/ IDFC group and am quite disappointed at the lack of clarity at all levels.

  10. Since i did not have a demat account I have received the physical copies of the bond today. There was a slight issue that they did not post it to the address i gave in the form, they instead sent it to the address my PAN was registered with. That caused me some nuisance at my end. Got to update the PAN address immediately.

    1. Hello All,
      I have received my physical certificates. Same as Rohit in a different address and with diffrent bank details…
      To Rohit, Do we have any Mutual Fund Holding with any of the Mutual Fund House where Karvy is the Register and Transfer Agent? I guess what is happening they do not bother to input the data submitted in the form in their system and using the old data avialable in their system. I used to hold some MF units where Karvy is Register, and they used the same address and Bank details registered there… do not bother to take the address and bank details in the application form…

      1. No Santanu
        I do not have other mutual funds where Karvy is registar, and hence my bank account details are correct. But yeh, these guys have not taken the complete details from the application form (taking address from ITD is what i noted in my case)

  11. Okay, so, I checked on http://mis.karvycomputershare.com/ipo/ and found out that I have not been allotted IDFC infra. bonds. My guess is that my agent screwed up my demat account number on my application.

    Whatever the case may be, any idea/experience in terms of how I’d get the refund – by post (physical check) or a direct deposit to my savings a/c? I had made the application in old-fashioned (paper app).

    Thanks.

    Kavi

    1. Hi Kavi,

      The prospectus says that they will send an account payee check or demand draft in case of refunds.

      I don’t think anyone here has posted about getting a refund so no real experience yet. If possible, please leave a comment when you do get the refund so others know what to expect.

      Thanks!

  12. Hi,

    I had applied for IDFC Infra Bonds worth 20K, but I had not been alloted the physical bonds yet. I’m not sure what my PAN address is. Any idea how to find out?

    1. I found out my address through the income tax site…but I need to update it. There is option to change the email and phone through the site but not the address. Can someone help?

      1. Anish
        These are the instructions listed below the PAN details in https://onlineservices.tin.nsdl.com

        * If there are any changes in your name and/or address as mentioned above, submit Request for new PAN card or/and changes or correction in PAN data with any TIN-FC or online (www.tin-nsdl.com).

        And i’m planning to submit a change correction in my PAN card.

  13. i have applied for idfc long term infrastructure bonds and my account has been debited on19th oct 2010 by idfc chandigarh but i have not received idfc infrastructure bonds in physical form yet kindly send me bonds of rupees 20000 because my account is debited on 19th oct 2010

  14. Hi,

    I had applied for IDFC Infra Bonds worth 15K physical form, but I had not been recived any information reagrding this and not got any documents till date while 1 month and 8 days going on.please help for finding my status and document because i need to submit in my office for tax saving…………………….

    thanks
    punit

  15. Thank you very much manshu for starting this forum,
    I was very much panic about the status, i was getting no information from anybody.

    Finally I could see in the http://mis.karvycomputershare.com/ipo/ my IDFC bond status,
    I had also recived the SMS stating my Allotment.

    Hopeing to recived pyshical form soon.

    Regards
    MA Khaled khan

  16. Can you pls. advise what I should submit to my office as investment proof for tax exemption? I’ve received the bonds in my DMAT account, but nothing else. has anyone received a certificate or something equivalent that can be submitted?

    Thanks a ton for starting this forum. Helps a lot, esp. since the IDFC website itself hardly has any customer support helpline!

    1. Some ICICI Direct customers have received a physical certificate Bhavana, so if you receive a physical copy then you can submit that.

      Otherwise some customers have been advised to submit a hard copy of their demat holdings page which shows that the bonds have been credited as proof.

      And appreciate your comment, and I’m thankful to all the folks who have taken time out and left comments and answered questions of other readers too. Thanks a ton!

  17. I HAVE PURCHES RS20000 L &T INFRASTRCURE BOND IN OCT 2010.
    BUT TILL TODAY NOT RECIVED,MY DEMAT NO ID 12047200 00010502
    PLEASE MAIL ME ABOUT L&T INFRSTCTURE BOND SENDING ME

      1. L&T Infrastructure Bonds – sms received about transfer to demat account in wife’s name. checked Demat account of wife today. The Bonds are there.
        In case of IDFC bonds in physical format , they may be alloacted but bond not received if there is missing information on application – like missing proof of residence. A form has been sent by IDFC to be filled and sent along with missing informations.

        1. Appreciate your response Ravi – You’re the first person who left a comment about receiving L&T bonds, and I think others will receive the bonds now too.

          Great thanks!

    1. Thanks for leaving the comment Bhavana. I appreciate that. I’m looking at your other comment about the allotment but haven’t replied yet because I wanted to check on something first. Will reply in a few hours.

  18. I have not yet received yet physical copy of IDFC Bonds and also not yet credited to my ICICI DMAT account either. I sent email to karvy and IDFC Bond – contact email but not yet confirmed. It is already too late. Not happy with the service.

    1. You will probably need to give them a call Satish. Just emails don’t work as well. But yeah, they should have been more pro-active about it.

  19. I opted for physical form and not DEMAT. I recieved my bond certificate on 24 November. It came by a registered post. Just thought of sharing with the readers. 🙂
    Thanks and Regards,
    Shinoj Jose

  20. Hi,

    I apply for Physical form of Bound, but till now no infromation, I try to call them Karvy but no body is picking up the phone & I try in IDFC side as well but there is no response, I wrote the email as well but same result, Is any body knows that any phone number which we have get touch base to them. any info ???

      1. So looks like the bond has been allotted to you, but the papers are still in the mail or something. You could wait a while, or call Karvy’s local number in whichever city you are. They’re sure to pick up eventually, as various other people have been able to contact them.

  21. I have received both IDFC and L&T bonds in my demat account. But not yet got any physical allotment letter for IDFC.

  22. Hi,

    I checked on the Karvy website and I have been alloted the IDFC bonds. But till now it has not been credited in my Demat account.

    Where should i check or whom to contact?

      1. Manshu, Thx for reply..
        I have my account with Indiabulls. I checked with them but the bonds are not there in my demat account.
        Also checked with HDFC guys, from whom i applied for the bonds. But no luck.
        I have also emailed to [email protected]; [email protected] but haven’t received any reply.
        Even i have not received the allotment letter. It is just that i can see the bonds alloted to me on the karvy website.
        Its really frustrating.. what is the next thing i can do to get these bonds or refund?

  23. Hi,

    Need help , I applied for IDFC Infrastructure bonds and till date i have not received the same. When I checked with broker i came to know that Bonds were despatched to the wrong address and they have wrong A/c Number as well. I don’t know whom should i contact to get the bonds , secondly whom should i contact to get the changes done.

    Thanks & Regards,

    Ankur Goel

  24. 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.

  25. I had applied for IDFC Infrastructure bond. I have lost my application number slip. Is there anyway I can find out allotment advise by anyother way? I need to submit allotment advise for my tax purpose.

  26. Hi
    I had applied for the infra bond 20K through my HDFC Sec demat account . I have not yet got the certificate as my address has been changed during this time. 20K is seen in my demat as infra bond investment .

    How can i get the copy of the certificate ?
    Pl help

    Bibhu

  27. Really worthy comments…. i also following up for my IDFC Infrastructure bond….keep share your information. so that others will not get panic.

    Ram

    1. Thanks for your comment Ram – I’m really glad about the comments too, and it’s great to see people come out to help out others on their own.

  28. My application No.61627900 IDFC LIMITED BONDS. So far I have not received the certificates. I have to show these certificates to my office to avail additional facility of Income Tax. Kindly provide me the allotment advice letter and certificates. My address: 401, B/3 Riddhi Park CHS Ltd., Cholegaon, MIDC Road,
    Thakurli East, Dist.Thane. Maharashtra, Pin: 421 201.

    1. There was a great comment by Shubho on this earlier so let me just copy paste that here again:

      “The best thing to do is to find the nearest Karvy computershare office

      (http://www.karvycomputershare.com/) and call them up. You can also

      check your application status on the site

      http://mis.karvycomputershare.com/ipo/ using your Eight (8) digit IDFC

      Long term infrastructure bond application number. this should be on the

      top right corner of the receipt of the application you got from your

      Agent. You can also try calling up Toll free 1-800-3454-001 or

      +91.22.43422885.

      Hope this helps,
      Shubho”

  29. I have applied 4 nos IDFC infrastructure bonds for Rs.20000/- through icicidirect.com dmeat a/c no. 8501171819 and get 4 bonds for that but till now I have not received my bond no. or document proof for further submission to my office for income tax rebate .
    Please send me my certificate through email: [email protected]
    PH:9817610231
    thanking you,
    VIJAY KUMAR

  30. is there any way that we can get in touch with IDFC for the physical bonds? I’ve not received them and need to submit the same to the my office for tax exemptions.

      1. I incidently, don’t have the application number as well handy. I was actually never given the acknowledgement receipt by my agent and because the bonds were credited to the demat, i didn’t follow up as well. Stupid of me but that is how it is right now. Is there any other way? may be by using the DPID or something of that sort?

        1. I’m sorry Nikhil, but I don’t know the answer to that question. I’m sure there must be another way because I suspect there will be quite a few people in the same boat as you, but I don’t know what else to do but to approach Karvy and check with them.

          1. I did that. Their phone numbers are always busy and no one replied to the email.

            BTW, my agent found out the application number somehow and I got the allotment advice from the link you had shared.

            Thanks for the help!

          2. Nikhil – I really appreciate the fact that you took time out to respond to each comment individually even when you weren’t seeking info. It doesn’t happen as frequently as it should – thank you for taking time out to leave these comments, and I’m glad you found the application number.

  31. Hello,

    I applied for IDFC Infra bonds via a broker who claimed to work for HDFC bank. I eventually got the bonds allotted as I can see them through the bank website. However I did not get the physical copy of the bonds. The statement downloaded from the HDFC bank site does not mention that the bonds are eligible for 80CCF tax benefit and hence the proof got rejected by my company.
    I wrote to [email protected] and also sent reminder but no reply 🙁
    Unfortunately I seem to have misplaced the receipt that I got by the broker so I don’t have the application number.
    When I search on the http://mis.karvycomputershare.com/ipo site using PAN or Cliend ID/DP ID option, I get some weird server error.
    The helpline number on the IDFC site is useless.
    Is there anyway out by which I can get a proof to get the tax benefit?

    thanks and regards,
    Amitesh.

    1. Hmmm, well I don’t know another way Amit – sorry. But isn’t your company being a bit unreasonable? I mean if you have the proof that you own the bond, why should the same piece of paper tout its tax benefits also. If that’s the case can you staple a brochure of the thing that mentions the tax benefit?

      And I don’t recall now whether the allotment advice itself spells out the 80CCF benefits? Can someone refresh my memory please?

          1. Thanks for the feedback. I’ll try to reason with them 🙂
            but any idea why the site is broken? Is it working fine for others?

          2. Oh no, everyone else has got theirs from the application number as well. When you put your DP number there, the system tries to look that up against the application numbers it has, and so you see the error.

  32. could you please arrange the comments in the descending order like new comments should come first and in the rest should follow.. It will help to see the new comments immediately once opened the web site.

    1. Ramanathan – thanks for your suggestion – the thing is that for most new people it is easier to browse through comments from top to down (older to newer), and that’s how most forum threads, and newspapers etc. are also kept.

      I will however look for an option where it gives the user an option to determine how they want to see the comments ordered. Thanks for your feedback.

    1. People have got the bonds some time ago, so you should’ve too. Did you apply in physical form or through Demat? Do you have the application number with you?

  33. Dear Sir,
    I had applied for four Bonds (4 nos.) in demat form. On November 04,2010, a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with Axis bank Ltd. through the cheque no. 127745 of Axis Bank Ltd., Sikandara Bagh branch, Lucknow. The bonds were required to be sent to subsriber’s address- N-11(B), Sector -N, Aashiyana, Lucknow-226012. But sorry to inform that I have not received bonds in physical form so far even after lapse of 3 months. Please look into it and send on the same address if undelivered.

  34. I had applied for four Bonds (4 nos.), a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with Axis bank Ltd. which address they send? PAN address or whatever i have written in my form?

    1. They should come at the address mentioned in the application. PAN card number is generally taken only for verification purposes and to make sure that there is no money laundering.

  35. I had applied for four Bonds (4 nos.) in physical mode, a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with Axis bank Ltd. I want to know how many days will it take to issue bond?.i have applied on 24/01/11.

  36. I had applied for four Bonds (4 nos.) , a sum of Rs.20,000/- (Rs.Twenty thousdand only) was debited from my a/c with HDFC bank Ltd. I want to know how many days will it take to issue bond?.& bond status.

  37. I have applied for4 nos IDFC infrastructure bond through my broker (Karvy Stock Broking Limited) on 18.10.2010 for Rs.20000/- against application no. 41350700 and the amount Rs. 20000/- has been debited from my account. When I enquired from the broker for the allotment and physical certificate,it was found that the demat account no shown in my applicatin was incorrect.Accordingly I sent my correct demat account no 21172178 alongwith a copy of demat account master list and a copy of application.Also I have sent all my correct informations through e-mail, but till date I have not received any information regarding correction, allotment,credit in my correct demat account,physical certificate and confirmation of the same.
    Please send through email: [email protected]
    I urgently need the physical certificate /Proof for submission in the office against Tax exemption upto 10.02.2011.
    thanking you,
    yours faithfully
    Y N PANDEY
    Mob : 09450963066

  38. Hi,
    Anybody inform me when IDFC bond will alloted, i have applied for4 nos IDFC infrastructure bond on 24/01/2011.. its urgent.

  39. Dear Manshu,

    your inputs are very helpful. Here I have a typical problem with IDFC bond certificate I have received through E- mail from Karvy, and dont know how to resolve this.

    Karvy has issued the certificate and allotment letter with my application no and to some other person’s name and address is mentioed on the certificate. I am not sure that’s a typo error or what?

    Please advice

  40. DEAR SIR
    I HAVE INVEST 20000 RS. FOR IDFC INFRABOND BUT I DONT HAVE RECIEV ANY ACKNOWLEDGEMENT OR HARD COPY OR EMAIL ACKNOWLEDGEMENT.
    AS PER MY PAN NO. IS
    KINDLY REPLY THE SAME OF ISSUE. AS SOON AS POSSIBLE.

  41. Hi,

    I applied for IDFC bonds for Rs. 20000, and till date no news is there.

    Please let me know how to proceed as no refund of the amount given

    Regards

    Rina

    1. Rina – Please get in touch with the bank or brokerage that helped you get this. Before doing that I’d suggest checking your allotment status online first. Do you have the application number? It might just have happened that you got allotted but there isn’t any communication.

  42. Sir, I have applied for the IDFC bonds, karvy informs as follows:
    that your application was successful
    in getting allotment of BONDS and the bond certificate dispatched on 21/02/2011
    complete particulars of the allotment / refund are furnished below

    Bonds Allotted
    c) Allotment Advice No/R L No. :01356

    Since same has not been returned undelivered by postal authorities.Kindly contact with you rnearest post office.Customer Care Karvy Computershare Pvt Ltd
    The post office says no such RL received. PL HELP ME . WHAT TO DO .IS THIS KARVY FOOLING THE PEOPLE OR WHAT ?

  43. my application no 32317308 , purchased Tranche 3 Bonds 4×5000=20000 on 8 mar 2011, i have not received original bond as yet. could be due to my change of home address ,new address is House no 173/1 , shahiboug enclave , opposite ravi society , ahmedabad cantt 380003

  44. i have not received idfc bond yet.
    name:rama gupta
    application no:4 1887267 ,type ofoption:trench 2 bonds
    no of bonds: 04, date:20/01/2011
    bank & branch: SBI, sadul ganj bikaner,
    cheque no:344

    1. Dr. Gupta, this is like a news website like Times of India, and I can’t give you the bonds. Please call up IDFC and resolve this with them.

  45. my name is sant amol das myapplication no. is2518612 check no.208584 indated30/1/2011not recieved the tranchi 2 bond certificate pl send the cer onadress adsan t mp pollution conrol board madhav nagar katni

  46. i purchase for the Rs.20000.00 bond on 16/12/2011 name of jyoti s chauhan and yet today i will not get any interest

  47. Kindly provide to me allotment date of IDFC Infra bond and which maturity date of this bond.
    also let me know the required document for maturity.

  48. I have not received. orrignal certificats my RL no 239540
    pls send.as below

    213-a. newshastrinagar. nagpur raod jabalpur m.p.

Leave a Reply

Your email address will not be published. Required fields are marked *