Infrastructure Bonds and Demat Account

Better sense seens to have prevailed over the issuers of Infrastructure Bonds . After the first of the issues from IFCI , which issued these bonds only in compulsory demat mode, IDFC , L&T are not so particular about the compulsory demat mode . Must be the low key responce to the issue that is forcing current issuers to, not only extend the issue period but also to issue these Infrastructure Bonds in non demat mode, provided KYC guidelines are adhered to

KYC guidelines :

You must already have a KYC compliance letter , which you must have used for your MF investments , else you must submit these documents along with Bonds application

a) PAN card photocopy

b) Address proof

You can check if you are KYC compliant from this link http://www.cvlindia.com/inquiry_kyc01.asp

Image : FreeDigitalPhotos.net,Photographer: nuttakit