Tax Free Bonds in India 2015

In 2015, the government of India has permitted seven state owned companies to sell tax free bonds in India for the financial year 2015 for the purpose of raising an amount of Rs.40, 000. Listed below are the top seven tax free bonds offered by different companies in 2015:

 

State Owned Companies Allocated Amount of Bonds
National Highway Authority of India Rs. 24,000
Indian Railways Finance Corporation Rs. 6,000
Housing and Urban Development Corporation Rs. 5,000.
Indian Renewable Energy Development Agency Rs. 2,000.
Power Finance Corporation Rs.1,000
Rural Electrification Limited Rs. 1,000
NTPC Limited 1,000