I’ve received a few emails about when applicants will receive the IDFC infrastructure bonds, and since the company didn’t announce when this will happen before hand – people have been wondering when they will get the bonds.
Readers Ajay, Loney, Satish, Nageswara, Sandeep, Sangram, and Subhro (among others – it’s a really big thread so I couldn’t include all names) have left comments sharing their bond status, and that helped a great deal in getting an idea on what’s going on with this.
A big thank you to all of you for keeping everyone informed!
I don’t think everyone who applied for the IDFC Infrastructure bonds is subscribed to the comments on that post, so I thought I’d create a post from the information shared by these folks.
Let’s take a look at some of the more important points from that thread:
1. Allotment took about 3 weeks: The bond issue closed on 22nd October, and people have only started seeing the bonds credited to their demat accounts, so the time from issue closure to the actually seeing the bonds has been around 3 weeks. This will form a good reference for other infrastructure bond issues in the future.
2. Not everyone has received the bonds yet: There seems to be some mechanism by which bonds are being gradually credited across applicants, and not everyone has received these bonds yet. If your account has not been credited yet, then there is no need for alarm, as people have only recently started seeing bonds credited, and it might still take a few days for it to appear for you.
3. NSDL sent an SMS about credit of IDFC Bonds: The depository – NDSL – had sent a SMS letting people know that the bonds have been credited. However, the bonds were not visible in the account immediately. So even if you received the SMS that doesn’t necessarily mean you will see the bonds in your demat account as well.
4. No one has received the physical certificate yet: The people who have reported getting the bonds have all applied through a broker, and have demat accounts, and none of them have received the physical certificate yet. So if you have applied without a demat account, then it might take longer still for you to get the physical certificate.
Don’t press the panic button if you haven’t received the bonds yet because you are not alone, and there are several others whose money has been debited, but the bonds haven’t been credited yet.  My guess is that you should start seeing them in your demat account in the next few days.
Future Infrastructure Bond Issues
Some of you have also expressed dismay at the fact that you missed this and the L&T issue, but were interested to buy the bond for tax saving and other purposes.
The good news for you is that IDFC as well as other issuers have said that they are going to come out with more such issues towards the end of the fiscal year because that is when most people are actively looking out for tax saving vehicles, and they are likely to do a lot better at that time than now.
Finally, some people have written in asking if it’s better to wait out for a higher rate of interest than investing in this offer.
I honestly don’t know what issuers are planning for the future, based on the lukewarm response, they might sweeten the deal, but I have no way of knowing for sure.
I’d say don’t lose perspective of the fact that the primary benefit of this is of tax saving. If you’re able to wait and get a bond which offers a percentage higher, and you invest the maximum Rs. 20,000 in it – that means an additional 200 bucks extra in a year; what is that worth to you? How many hours of Googling and speculating is it really worth?
This is a personal decision really, but something worth keeping in mind the next time you speculate on whether you should wait or go ahead with it. And once again – a big thank you to all of you fine guys who left comments and kept everyone informed!
Hello,
I applied for IDFC Infra bonds via a broker who claimed to work for HDFC bank. I eventually got the bonds allotted as I can see them through the bank website. However I did not get the physical copy of the bonds. The statement downloaded from the HDFC bank site does not mention that the bonds are eligible for 80CCF tax benefit and hence the proof got rejected by my company.
I wrote to [email protected] and also sent reminder but no reply 🙁
Unfortunately I seem to have misplaced the receipt that I got by the broker so I don’t have the application number.
When I search on the http://mis.karvycomputershare.com/ipo site using PAN or Cliend ID/DP ID option, I get some weird server error.
The helpline number on the IDFC site is useless.
Is there anyway out by which I can get a proof to get the tax benefit?
thanks and regards,
Amitesh.
Hmmm, well I don’t know another way Amit – sorry. But isn’t your company being a bit unreasonable? I mean if you have the proof that you own the bond, why should the same piece of paper tout its tax benefits also. If that’s the case can you staple a brochure of the thing that mentions the tax benefit?
And I don’t recall now whether the allotment advice itself spells out the 80CCF benefits? Can someone refresh my memory please?
I just checked mine and it does refer to 80CCF on the allotment advice.
Thanks for checking that Nikhil – appreciate that.
Thanks for the feedback. I’ll try to reason with them 🙂
but any idea why the site is broken? Is it working fine for others?
Oh no, everyone else has got theirs from the application number as well. When you put your DP number there, the system tries to look that up against the application numbers it has, and so you see the error.
i have apllied for physical form of IDFC infrastructure bond
Do you have a question about it Anil Kumar?
Dear Nikhil,
You can take the IDFC-Bonds Allotment Advice in the below link, it is fare enough to submit to IT exemption.
http://karisma.karvy.com/investor/jsp/IDFC-APP.jsp
Thanks for helping him out.
Thanks for the help Ramanathan. I got my allotment advice. Thanks a lot.
is there any way that we can get in touch with IDFC for the physical bonds? I’ve not received them and need to submit the same to the my office for tax exemptions.
Nikhil, If you have the application number then you there is a webpage that you can use to retrieve the bond, else you can Google up Karvy’s office number nearest to you, and get the bond. Here is the link which you can use to retrieve the allotment advice.
http://karisma.karvy.com/investor/jsp/IDFC-APP.jsp
I incidently, don’t have the application number as well handy. I was actually never given the acknowledgement receipt by my agent and because the bonds were credited to the demat, i didn’t follow up as well. Stupid of me but that is how it is right now. Is there any other way? may be by using the DPID or something of that sort?
I’m sorry Nikhil, but I don’t know the answer to that question. I’m sure there must be another way because I suspect there will be quite a few people in the same boat as you, but I don’t know what else to do but to approach Karvy and check with them.
I did that. Their phone numbers are always busy and no one replied to the email.
BTW, my agent found out the application number somehow and I got the allotment advice from the link you had shared.
Thanks for the help!
Nikhil – I really appreciate the fact that you took time out to respond to each comment individually even when you weren’t seeking info. It doesn’t happen as frequently as it should – thank you for taking time out to leave these comments, and I’m glad you found the application number.
You guys are running a really nice and informative forum here. I really appreciate the good work you are doing.
I have applied 4 nos IDFC infrastructure bonds for Rs.20000/- through icicidirect.com dmeat a/c no. 8501171819 and get 4 bonds for that but till now I have not received my bond no. or document proof for further submission to my office for income tax rebate .
Please send me my certificate through email: [email protected]
PH:9817610231
thanking you,
VIJAY KUMAR
My application No.2432816 IDFC LIMITED BONDS. So far I have not received the certificates.
I D. Geetha Rani, So far IDFC bonds are credited to my account, application Number- –deleted–
Thanks for the info Geetha!
My application No.61627900 IDFC LIMITED BONDS. So far I have not received the certificates. I have to show these certificates to my office to avail additional facility of Income Tax. Kindly provide me the allotment advice letter and certificates. My address: 401, B/3 Riddhi Park CHS Ltd., Cholegaon, MIDC Road,
Thakurli East, Dist.Thane. Maharashtra, Pin: 421 201.
There was a great comment by Shubho on this earlier so let me just copy paste that here again:
“The best thing to do is to find the nearest Karvy computershare office
(http://www.karvycomputershare.com/) and call them up. You can also
check your application status on the site
http://mis.karvycomputershare.com/ipo/ using your Eight (8) digit IDFC
Long term infrastructure bond application number. this should be on the
top right corner of the receipt of the application you got from your
Agent. You can also try calling up Toll free 1-800-3454-001 or
+91.22.43422885.
Hope this helps,
Shubho”
Really worthy comments…. i also following up for my IDFC Infrastructure bond….keep share your information. so that others will not get panic.
Ram
Thanks for your comment Ram – I’m really glad about the comments too, and it’s great to see people come out to help out others on their own.
Hi
I had applied for the infra bond 20K through my HDFC Sec demat account . I have not yet got the certificate as my address has been changed during this time. 20K is seen in my demat as infra bond investment .
How can i get the copy of the certificate ?
Pl help
Bibhu
I had applied for IDFC Infrastructure bond. I have lost my application number slip. Is there anyway I can find out allotment advise by anyother way? I need to submit allotment advise for my tax purpose.
IFCI infrastructure bond is closing on december 31 2010. It is a very good opportunity to claim tax exemption on additional Rs 20,000. Infra bond is better option than SIP for 5 years.
hello Friends,
Good News , By using below link you can directly download your bounds. just you need to provide the your Application No. bound with you on few sec…..
http://karisma.karvy.com/investor/jsp/IDFC-APP.jsp
Hi,
Need help , I applied for IDFC Infrastructure bonds and till date i have not received the same. When I checked with broker i came to know that Bonds were despatched to the wrong address and they have wrong A/c Number as well. I don’t know whom should i contact to get the bonds , secondly whom should i contact to get the changes done.
Thanks & Regards,
Ankur Goel
Hi,
I checked on the Karvy website and I have been alloted the IDFC bonds. But till now it has not been credited in my Demat account.
Where should i check or whom to contact?
Check out the comment section of this post Mitul as people with different trading accounts have described where to look for the bonds, and you might find details for your account there.
Manshu, Thx for reply..
I have my account with Indiabulls. I checked with them but the bonds are not there in my demat account.
Also checked with HDFC guys, from whom i applied for the bonds. But no luck.
I have also emailed to [email protected]; [email protected] but haven’t received any reply.
Even i have not received the allotment letter. It is just that i can see the bonds alloted to me on the karvy website.
Its really frustrating.. what is the next thing i can do to get these bonds or refund?
I have received both IDFC and L&T bonds in my demat account. But not yet got any physical allotment letter for IDFC.
I APPLIED FORIFDC INFRASTRUTURE BONDS FO RS.20000 THRO.IDBIBANK
Hi,
I apply for Physical form of Bound, but till now no infromation, I try to call them Karvy but no body is picking up the phone & I try in IDFC side as well but there is no response, I wrote the email as well but same result, Is any body knows that any phone number which we have get touch base to them. any info ???
add to that, I check karvy link, its shows me bouds is allocated to me.
So looks like the bond has been allotted to you, but the papers are still in the mail or something. You could wait a while, or call Karvy’s local number in whichever city you are. They’re sure to pick up eventually, as various other people have been able to contact them.
I opted for physical form and not DEMAT. I recieved my bond certificate on 24 November. It came by a registered post. Just thought of sharing with the readers. 🙂
Thanks and Regards,
Shinoj Jose
Thanks for taking the time out, and leaving a comment Shinoj. Much appreciated.