ISSUE: 

Issue Opening Date: Friday, January 27, 2012
Issue Closing Date: Friday, February 10, 2012
Interest Rate: 8.10% annually.
Allotment Basis: First-come-First-serve basis.

DOWNLOAD: Indian Railway Finance Corporation (IRFC) Bond Application Form (CLICK HERE)

SALIENT FEATURES: 

• The Company shall issue Bonds upto an aggregate amount of Rs 6,300 crores in one or more tranche(s), on or prior to March 31, 2012 pursuant to CBDT’s Notification dated September 23, 2011 which authorised the Company to raise tax free bonds aggregating up to Rs 10,000 crores in the financial year 2011-12.
• Credit Ratings of “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE and “ICRA AAA by ICRA indicating Highest Degree of Safety in terms of timely servicing of financial obligations.
• Bonds to be allotted on first-cum-first serve basis up to the limit reserved for each category of investors
• Bonds can be held in physical or in dematerialized form, at the option of bondholders
• Bonds are proposed to be listed on the BSE and the NSE

ISSUE STRUCTURE:

Instrument: Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures
Instrument Form: In dematerialized form as well as physical form, at the option of Applicants.
Trading: Compulsorily in dematerialized form
Issue Size: Rs. 6,300 Crores in one or more tranches in the financial year 2011 – 2012
Credit Rating: “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE & “ICRA AAA” by ICRA
Tenor/Redemption Date: 10 Years and 15 Years from the deemed date of allotment
Trustee for the Bondholders: Indian Bank
Depositories: NSDL and CDSL
Proposed to be listed on: BSE & NSE
Interest on Application Money: @ 8.00% p.a. on the amount for which Bonds are allotted to the Applicants subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later, upto one day prior to the Deemed Date of Allotment.
Interest on Application Money which is liable to be refunded: @ 4.00% p.a. on application money that is liable to be refunded to the Applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later, upto one day prior to the Deemed Date of Allotment.

Provided that IRFC shall not be liable to pay any interest on monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawn by the applicant.

HIGHLIGHTS OF TAX BENEFITS

• Interest on these Bonds shall be exempt from income tax and shall not be included while computing the total income as per provisions under section 10 (15) (iv) (h) of Income Tax Act, 1961, as amended.
• Since the interest income on these Bonds is exempt from tax, there shall be no deduction of tax at source.
• Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.

>>> IRFCL Bonds Application Form: DOWNLOAD HERE

Issue Type:

Opening Date of Issue: 30^th December, 2011
Closing Date of Issue: 16^th January, 2012
Interest Rate: 8.20% annually.
Allotment Basis: First-come-First-serve basis.
Issuances: In dematerialized form and physical form*

** THIS ISSUE IS OVER SUBSCRIBED in Category 1 and Category 2.
NOW ONLY Category 3 remains Open for investments LESS than 5 lacs

>>> DOWNLOAD Application form of Power Finance Corporation Bond – PFC Bonds: || CLICK HERE ||

Instrument Form: In physical or in dematerialized form, at the option of the investors

Credit Rating: “CRISIL AAA/Stable” by CRISIL, “ICRA AAA” by ICRA

Tenor/Redemption Date: 10 Years and 15 Years

TAX BENEFITS of Power Finance Bonds:

• In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 (43 of 1961) the Central Government has authorised Power Finance Corporation Ltd. to issue during the FY 2011-12, Tax Free Secured Redeemable Non-Convertible Bonds of face value of Rs. 1,000 each aggregating upto Rs 5,000 crores.
• The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act.
• There will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors.
• Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.

Strengths of Power Finance Corporation Ltd:

• Comprehensive financial assistance platform focused on the Indian power sector: PFC provides a comprehensive platform for both fund based and fee based financial activities catering to various power sector projects. This in turn would strengthen its revenue and profitability growth in the coming period
• Strategic role in GoI initiatives and established relationships with power sector participants: The company has played a strategic role in the GoI’s initiatives for the promotion and development of the power sector in India for more than two decades. As a result, PFC has developed strong relationships with the Central and State governments, various regulatory authorities, significant power sector organizations, Central and State power utilities, private sector project developers, as well as other intermediaries in the power sector. This unique positioning enables the company to leverage as a preferred financing provider for the power sector in India
• Operational flexibility & Highest Credit Rating to help in fundraising and lending opportunities: The recent recognition of PFC as infrastructure finance company by RBI coupled with its earlier NBFC status will enable it to avail more operational flexibility than some of its competitors. With the help of IFC status along with highest credit rating (AAA by ICRA & CRISIL), the company enjoys competitive lending and borrowing exposure over its competitors.
• Experienced and committed management: The management has significant experience in the power sector and the financial services industry, which has enabled it to develop a comprehensive and effective project appraisal process, implement a stringent risk management framework, identify specific requirements of power sector projects and offer comprehensive financing solutions and advisory assistance to such projects. Further the strong relationships with

Source: Prospectus Tranche

>>> Required Supporting Documents:

>>> You can submit your application form at these Submission Centers.

>>> PFC Bond Application form - >> DOWNLOAD HERE <<

 Disclaimer: “Invest only after referring to final prospectus”.

- Also note that electronic/online versions of the application form you are seeking to access are being made available on this website by us on a good faith basis. By accessing this application form you confirm that your downloading/viewing or using the same will not constitute in the jurisdiction applicable to you a directed solicitation and/or a selling efforts. If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

- Making documents available online in an electronic format does not constitute an offer to sell or the solicitation of an offer to buy securities in Power Finance Corporation Limited (“Issuer”). Further, it does not constitute a recommendation by NriInvestIndia.com (ni2 Financial Consultancy Pvt Ltd) or any other party to sell or buy securities in Power Finance Corporation Limited.

- Use of our website confirms your acceptance to the terms and conditions related to the Issue as provided in the Draft Shelf Prospectus of Power Finance Corporation Limited bonds and Prospectus Tranche (referred as the “Prospectus”). You also confirm that you are eligible to make an application for the Issue and the decision to invest in the Issue is based on your own discretion and your examination of the Issuer and the Issue and based on disclosures made in the Prospectus.

** THIS ISSUE IS OVER SUBSCRIBED in Category 1 and Category 2.
NOW ONLY Category 3 remains Open for investments LESS than 5 lacs

>> CLICK HERE TO Download e-application form for NHAI Bonds

Few things for NRIs:

1. This issue is only open for NRIs – Holding Indian passports. If you are an OCI or PIO then you cannot invest in this.
2. Highly secure & guaranteed by Indian Govt, with Credit Rating of AAA from CRISIL & CARE & FITCH
3. Interest way higher than any normal Fixed Deposit in India OR nre/nro deposits.
4. Issue opens 28th Dec 2011 – AND – closes 11th Jan 2012.
5. Allotment basis – FIRST COME FIRST GET BASIS.
6. Min investment: 50 Bonds, and then multiples of 1 thereafter.
7. NRIs can invest/buy in both DEMAT form OR Physical Form. If you wish to buy in Physical form then an Indian address proof need to be submitted & the Govt sends the bond certificates there.
8. NRIs can invest on both Repatriable or Non-repatriable basis (through NRE or NRO account).
9. You can hold these bonds till maturity (10 or 15 years) & get interest annually OR sell them in the NSE or BSE market if you wish.

Terms and Conditions:

>> CLICK HERE TO Download e-application form for NHAI Bonds

Got questions, email us: info@nriinvestindia.com

Greetings from www.NriInvestIndia.com
Hope all is good with you & your family.!
We wanted to update you on this much awaited Govt of India tax free bond issue that is coming this 28th Dec.
This is an “INCREDIBLE Investment Opportunity” for NRIs. 

Offer:“Tax FREE Indian Govt Bond”(NHAI – National Highways Authority of India)
        > Allotment basis: First-come-First-get basis.
 
Features:-
+ Pre Tax Interest: 12.27% – 12.42% > HIGHER than any Fixed Deposit (FD).
++ Highly Secure & Guaranteed by Govt of India.
+++  NRIs can invest on both Repatriable & non-repatriable basis (NRE & NRO account).
++++ Get upto 90% Loan from any Indian bank by pledging these bonds.
+++++ Any time liquidity: Meaning you can sell them on NSE & BSE.
++++++ No Wealth Tax charged by the Income tax department of India.

Eligibility & Documents Required:

1. NRIs can invest in this issue. (Both Repatriable OR Non-Repatriable Basis, through NRE or NRO account.)
2. You can buy in a Demat form OR Physical form.
3. PAN Number – is required.
4. One can avail upto 90% loan of the value of the bond by pledging it to Indian banks.

>> Are you interested & need more information??
Please feel free to email us at info@nriinvestindia.com
OR
Visit: http://www.nriinvestindia.com/bonds.html for more information.

** THIS ISSUE IS OVER SUBSCRIBED in Category 1 and Category 2.
NOW ONLY Category 3 remains Open for investments LESS than 5 lacs

>> CLICK HERE TO Download e-application form for NHAI Bonds

Have a great Xmas & a Happy New Year.!!

Regards,
Team NriInvestIndia.com

The best part about Mutual Funds is that you don’t need to be an expert to read the Indian market to make a profit from these. You need to spend hours doing research or looking at the market conditions. This will all be taken care of for you. You will basically be pooling your cash with those of others and benefiting from the market – you’ll also have a professional guiding you all the way!

Types of Indian Mutual Funds

Now you’ll need to understand the types of mutual funds in India. There are the open-end funds – these basically give you the option of liquidating you cash by purchasing and selling shares at a price which is close to their Net Associated Values. Moreover, you can do this at any time because they aren’t limited by a fixed maturity date.

There are also closed-ended mutual funds which have a fixed maturity date – ranging from anywhere between two to fifteen years. When these are introduced to you at first, you can invest in them directly. However, after the initial period of investment, you can buy them off the stock market.

Apart from the close ended and open ended there are the interval options in mutual funds – these have the best of both worlds because they have a combination of the features of both the open ended and the close ended funds. You can trade these shares in the stock market, buying and selling them at intervals of definite time periods.

Research and More

Next you need to do a bit of homework. If you are investing in India from overseas, you need to be aware of the fact that there are certain market risks, Find out whether your portfolio already has market exposure to India. Go over your objectives, ability to withstand risk and investment period with your financial advisor. You can work out what part of your portfolio you can assign to India.

Also know that mutual funds from India can and will be affected by world events such as natural calamities, political changes and of course, economic changes. It’s the same in any country, so why should India be the exception? There is also a risk of currency involved when you are investing in mutual funds from India. It is basically dependant on the rupee value.

Investing in Mutual Funds Online

If you want, you can visit several sites to look at the best mutual funds from India. These sites are really informative and can give you pretty good guidance when you need it. Some of these are MorningStar.com and Lipperweb.com. When you find funds which spark your interest, your duty is to obtain prospectuses of the same and even get your hands on reports as well.

Read every line before you choose to put in your money. Basically before you start buying and selling mutual funds, you should consult with a good financial advisor, this will help you determine which stocks are the best for your needs and from your economic point of view. Then you can determine the amount of money you want to invest and purchase the relevant shares through your broker.

Then all you have to do is wait and watch! It is as simple as that. Investing in mutual funds is a much easier option than playing with stocks and shares directly, so why not try it?

#No1. Mutual Fund Broker: www.NriInvestIndia.com

All investors have to have a demat account as it has been made compulsory by the SEBI (Securities Exchange Board of India). When you want to access your demat account, you need to have two passwords, an internet password as well as a transaction passwords. The two passwords add a double layer of security. Purchasing and sale of securities is done automatically once the transactions are electronically completed and this is the USP of a demat account.

FREE Dmat Account: Know More Here >>

Process to Open an online bank demat account:

Setting up a dmat account is a pretty simple task. You need to open a demat account when you have registered yourself with a broker or a sub broker. What you need to do is:

• Approach a certified stock broker. There are a lot of those around in India! These include ICICI, Sharekhan, Karvy Finapolis etc.
• These brokers will give you a demat account opening form. What you need to do is correctly fill up this form.
• You will also need to furnish documents for address proof and identity proof in support of the account opening. It’s not a big deal; all you need to do is follow the SEBI guidelines which will be provided to you.
• Furnish your original PAN card while opening a DEMAT account. This has been made mandatory by the SEBI.

But a lot of times people are clueless as to what documents they should submit for the opening of the demat account. These include:

• Your PAN card
• Identity proof- you can choose to give your driver’s license, passport, voter’s ID card or even a ration card with a photo.
• Recent Passport sized photographs (two)
• Address proof- you can submit your driver’s license, Voter’s ID card, Bank statement, Passport, ration card with a photo, credit card with a photo or even a government utility bill of any sort (like your telephone bill or electricity bill).

You will also have to sign an agreement with your DP in the prescribed standard manner which will basically enlist all the duties of the investors as well as his rights and those of the DP’s too. You should keep a copy of the document and also a schedule of the charges which the DP is likely to charge you in the future.

You will also be given an account number also known as the Beneficiary Owner Identification Number (BOIN). Your DP may also choose to change the charges he will levy by giving you about thirty days’ notice.

Dmat Account Charges

The charges you need to pay can be categorized into four distinct classes:

• Account opening fee- often this is optional. This is also fully refundable so you can get back the amount when you close the demat account.
• Annual Maintenance fee- Chargeable in advance and this is basically charged by your bank.
• Custodian Fee – This fee is charged depending on the number of securities present in your demat account in a given year.
• Transaction fee- There are several schemes for paying the transaction fees – it might be a flat rate or a percentage of the transaction.

Opening a demat account might seem like a hassle, but it makes trading much easier.

Need the Best NRI Account Online? Open Here >>

Obviously, if you want to earn money in India, you need to have a bank account – especially if you want to embark on your own business. So how do you go about opening your bank account? You can’t fly all the way to India just to open a bank account, right? Don’t worry, you can always use the internet! You can choose to open an NRE or FCNR bank account right from the comfort of your home by downloading whichever form is applicable in your case.

Opening an NRI internet Account

Let’s say you want to stick to a government owned bank like the State Bank of India. In fact, many of these banks also have branches abroad, so you can look that up on the internet. You might get lucky and find a branch near you which you can visit to open your account.

What you will need is Indian Rupees, a check or even a money order to open the account. The minimum amount required to open a bank account with the State Bank of India is a thousand Indian Rupees. Approximately nineteen dollars! Also, you would need to be above the age of eighteen to open your own account.

What you need to do is tell the person at the bank that you would like to open a savings account and you will automatically be directed to the representative who is in charge of opening new accounts. Now before you head over to the bank you should carry photo identification proof, recently taken passport sized photographs a visa permit or a residence permit of the country you are living in and maybe your driver’s license if you have one.

You will have to furnish these to the person who is going to help you open your account with the State Bank of India. In addition to this, you need to provide personal information such as your address, phone number, email address etc. Then hand over the money you have with you, to open the account.

If you like, you can also request an international ATM card. This makes payment a whole lot more convenient because these cards can be used outside India as well! But you might have to pay a monthly maintenance charge for the same.

Then you will be sent your passbook and a temporary password which will enable you to take care of net banking. In about three week’s time, you should even get your ATM cum debit card. Be sure that you use it in an ATM first before you start making purchases in shops with it. Otherwise it might lead to embarrassing situations.

If there is no branch…

If there is no branch near you, fill up the form and take along with your passport size photos, a copy of your passport and a visa permit of the country you’re in. Your signature on the form needs to be attested by officials of the Indian embassy or the Notary public or the consulate. Then send this in, along with your remittance.

Banks in India also allow locals to operate accounts on behalf of NRIs with a Power of Attorney. So feel free to do that as well. It’s really simple to open a bank account in India.

To open a NRI account online, please email: info@nriinvestindia.com

NRI Loan @ Low Rate: Check Here >>

NRIs like to have a home in India which they can return to on their trips to the country. They like their apartments to be located in upscale areas centrally located and are big on services and facilities. It is probably because of this reason that realtors are developing or modifying their constructions to cater to their need and since these are tailor made, it follows that they don’t come cheap!

But wait, before you choose to apply for a loan, you need to find out whether you are eligible to do so. You can apply for a loan only if:

• You are a citizen of India who lives abroad for business purposes or are employed overseas. You would need to live abroad in circumstances which indicate that you will remain out of the country for an indefinite period.
• You are a Government servant, who has been sent abroad to conduct dealings with foreign governments or even international/regional agencies such as the World Bank, World Health organization and the International Monetary Fund.
• You are a Government Servant who is posted abroad say in a consulate or an embassy. You have to basically be a part of the Indian missions or agencies which have been set up abroad by the Indian Government – you need to basically be on the pay roll of the government.
• You are an official of any public sector undertaking or state government on duty abroad.

How to Go About It

As an NRI you need to look for branches of banks which are in your country. Banks such as HDFC or ICICI have many offices abroad and you can take advantage of this fact. Many offices are based in UK, Singapore, Dubai, Bahrain, New York and other countries. These banks are tripping over themselves to offer easy loans to NRIs who want to buy exclusive property in the country.

ICICI is one bank which offers online processing of loans, interest rates which are infinitely attractive and undergo reduction on a month to month basis. These can be fixed or even floating if you would like to have it that way. In many cases fees are even reduced or don’t exist! You can take advantage of the easy payment facilities available. In the case of ICICI, you can get free accident insurance on the amount outstanding. Plus, when you’re in India, you’ll get doorstep service!

Easy Repayment Options

The repayment option is simple enough and begins after a period of eighteen months after the loan is disbursed. Or if you have applied for a loan for a home, it starts just after the home building process has been completed- Whichever one is earlier. You can remit your money from abroad from the country in which you’re based or use your NRE or NRO account or event the FCNR account to transfer the money and your relatives who live in India can take care of the formalities and paperwork for you.

You could also rent out your property and use that money to repay your loan. For this, you need to fill in an application form and give two passport sized photos. Applying and repaying loans for NRIs was never easier!

I mean think about it, the Indian economy is booming, it hasn’t been affected by the recession and for the past two decades the financial market has been running without any hitches! In fact, NRIs are entering the world of Forex trading in India in droves!  But hang on; before you do decide to jump headlong into this business, it is a good idea to do some background research.

What to Do

You should have thorough knowledge of the Indian Forex market. The best way to do this is via a free course online. Now a lot of people will charge you money for this, but I can tell you here and now that there is absolutely no need to pay money for this knowledge when you can get this for absolutely free online!

What this course will do is acquaint you with the relationship between the Indian National Rupee and the US Dollar. This will speed up the process of Forex trading. This market is on the path to full-fledged progress. The Indian rupee is reliant on the National Stock Exchange based in Bombay and it is also enlisted in the Dubai Stock Exchange.

It is a good idea to approach a broker. Doing Forex trading all on your own is virtually impossible, not to mention risky. This will help you activate a brokerage account and also to open a personal trading account. You should approach only respected brokers who have a good international reputation and credibility. Whoever you choose, ensure that he has the capability to smoothen your entry into the Indian Forex market.

You could also choose to approach American Brokers who will have the ability, not to mention the competency to help you enter the domestic Forex market in America. They will provide you with all the assistance you need to set up a trading account in the Indian market.

So how does one get a profit by trading in Forex? It depends on the global economy. There are certain factors which play a role and these include, GDP (gross domestic product) of India, face value of the currency and growth inflation as well. Not to mention the inflow of foreign currency into the country. At all times, do make sure to keep close tabs on the Indian market. This will surely help you to make a great profit.

Be Careful

Before opening a Forex trading account in India, it is a good idea to be really analytical. Look at every point from every possible angle. This is really not a simple thing to do and you need to give it much consideration. You also have to look at all the stats and figures in order to get success in your field. Don’t rely solely on gut feeling.

But gut feeling also does play a major role. Buying and selling largely depends on your guessing abilities and abilities to predict ups and downs in the value of foreign currency. You should definitely be equipped with a plan of action that will help you make your fortune. In order to do this you need to do a lot of research. Forex trading is extremely rewarding, but only if you give it enough importance!

Find your PAN here & apply: http://www.nripan.com/know.html

If you’ve lost your old Pan Number then you will most definitely have to apply for a duplicate Pan Card number. That is of course,until and unless you are some sort of genius who has managed to memorize the highly complicated eleven digit number which consists both of alphabets and numerical.

Moreover, the process cannot be avoided because whether you are an NRI or an Indian citizen you need a PAN number as it is an important means of identification. People use it as a photo identity in just about every situation such as the Railways, LIC, exams, for opening bank accounts etc. What is more, it also doubles as an age proof certificate, so you can use this instead of a birth certificate.

What is a pan?

So what really is this PAN card and why is it so important? A PAN card is issued by the Government of India – the Income Tax Department of India to be precise. It is pretty similar to the Social Security Number which is issued to citizens of the United States by the IRS.

The card contains a number which is the PAN number and this number is embossed on the card. It also contains other details like nameof the card holder, father’s name, passport sized photograph, signature and date of birth as well.

This card is important because anyone wishing to conduct any form of transaction which involves sums greater than or equal to fiftythousand Indian Rupees needs to furnish this card. If you would like topurchase property, invest in mutual funds, stocks, shares, bonds etc. you need toshow this card.

Basically, the concept of a PAN number was started by the Indian government to find out who was or wasn’t paying their taxes and whether anyone was evading taxes. It was also done to find out the amount of tax generated in the country. But basically it was done to see who was performing nefarious activities.

How to retrieve a pan number?

As can be deduced from this information, having a PAN number is extremely important. So, if, for any reason, you have misplaced your Pan card, you should apply for a duplicate one without any delay. It is advisable to contact a broker firm for help because the process of getting a PAN card is slightly complicated. What ismore, keeping track of all the proof you have furnished to get the PAN card number is also quite a task, therefore getting help from a broker is really useful.

Of course, you have the option of not getting a new PANcard number, but this would mean you are handicapped – conducting any monetary transactions of a significant nature is impossible without it. If you can remember your Pan Card number, there is still some hope, but if you are in asituation where you can’t do that, then this spells trouble.

It also makes sense to get a new PAN card because theprocess has been brought online. Of course if you are more comfortable with the offline process, you are welcome to do it that way as well. The Income Tax authorities have modified the procedure to make it a bit simpler and brokers who know their way about this process can easily help you out.

The broker will have crucial links which can help you trace your missing PAN number as quickly as is possible. All you have to do islocate the details online and take the necessary printouts. From thereon, the application process becomes quite simple. You could also choose to go to the government directly, but that is quite a hassle. So for best results, do approach a broker.