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IRFC Tax-Free Bonds: Good for Those in Higher Tax Brackets

IRFC Tax-Free Bonds: Good for Those in Higher Tax Brackets
Investors who missed out on the previous three tax-free bonds issued by NTPC, PFC and REC can take a shot at the Indian Railways Finance Corporation's tax-free bonds that opened for subscription on Tuesday. IRFC is the financial arm of the Indian Railways. Retail investors can earn an interest of 7.32 per cent annually on the 10-year IRFC bonds, 7.53 per cent on the 15-year bonds and 7.50 per cent on the 20-year bonds. The interest ...
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