Interest Payment Dates of Tax-Free Bonds issued during FY 2011-12 & 2012-13

by Manshu on July 4, 2013

in Uncategorized

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at skukreja@investitude.co.in

Investors who invest in fixed income instruments, like fixed deposits, company deposits, NCDs, infrastructure bonds, tax-free bonds etc., eagerly wait for the day on which the interest payment gets credited into their bank accounts. For some of the investors, this interest income is a substantial portion of their annual income. So, they need to know the exact date of their interest payments, especially with those investments with which they are not much familiar. Tax-Free bonds also fall into that category of investments for which investors keep asking for more information.

Ramesh wanted to know the date on which HUDCO would be paying its first annual interest.

Ramesh  July 3, 2013 at 12:12 am

When will Hudco pay the annual interest on their1 2013 tax free bonds.

Karthik also wanted to know if there is any website which carries such information at a single place.

Karthik Reddy Chintaparthi  July 3, 2013 at 8:39 am

How can we keep track of the interest these companies pay ? Any online website ?? Please confirm.

National Stock Exchange (NSE) website has a list of all the bonds and NCDs which are listed on its exchange and get traded on a regular basis. Here is the link to the list of bonds which get traded on the Capital Market (CM) segment of NSE.

But this link also does not have all the interest payment dates on a single page. If any of you want to check the next interest payment date of any of your tax-free bonds, then you are required to click on the name of the company from this list, select the ‘Series’ of the bond and click on the Securities Information tab. Next IP Date is the information that you were seeking.

I am not aware of any such link of BSE which lists all the BSE-listed bonds/NCDs on a single page. So, you are required to check your bond holding with its BSE Code and you need to repeat the process if you are holding multiple bonds.

When I could not thought of any such source which has all the dates for all such issues, I decided to write this post having all the interest payment dates for all the tax-free bonds which got issued during FY 2011-12 and 2012-13.

During FY 2011-12, five public sector undertakings (PSUs) issued tax-free bonds – National Highway Authority of India (NHAI), Power Finance Corporation (PFC), Indian Railways Finance Corporation (IRFC), Housing and Urban Development Corporation (HUDCO) and Rural Electrification Corporation (REC).

During FY 2012-13, nine PSUs issued such tax-free bonds – PFC, IRFC, HUDCO, REC, India Infrastructure Finance Company Limited (IIFCL), Ennore Port, Dredging Corporation, National Housing Bank (NHB) and Jawaharlal Nehru Port Trust (JNPT). NHAI decided to give it a miss last year as it did not require any additional funding.

Here is the table carrying the interest payment dates for all of the tax-free bonds issued by these companies.

Tax-Free Bonds Issued During Financial Year 2012-13

Tax-Free Bonds Issued During Financial Year 2011-2012

If any of you want to know the interest payment dates of infrastructure bonds issued during 2011-12, please check this link.

Tax-Free Bonds in Physical Form – If you had taken these tax-free bonds in the physical form, then you must have given a cancelled cheque of your bank account along with your PAN card copy and the address proof. Your interest payment gets credited directly into the same bank account, of which you gave the cancelled cheque.

Tax-Free Bonds in Demat Form – If you had taken these bonds in your demat account, then the company will credit the interest payment directly into your bank account which is currently linked to your demat account.

If you have any query regarding any of your interest payment related issues, you should contact the respective Registrar at the contact numbers mentioned in the table above.

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