HUDCO N2 Series Tax Free Bonds

The HUDCO N2 Series Tax Free Bonds are currently traded at Rs 1125. They carry a coupon rate of 8.2 per cent, with the interest being payable in the month of March. Being a government owned entity the bonds are very secure.

IRFC N2 Tax Free Bonds

The Tax Free Bonds from IRFC attract an interest rate of 8.1 per cent and are currently traded at Rs 1065. The Interest has already been paid on Oct 15, 2014. Indian Railways Finance Corporation is a government of India owned company and hence the bonds are very safe.

NHAI N1 Series

The National Highways Authority of India Bonds attract an interest rate of 8.2 per cent. The interest is payable on Oct 1 each year and the Bonds are traded at Rs 1070 on the NSE.

REC N5 Series

The REC N5 Series attract an interest rate of 8.01 per cent. The Bonds are traded at NSE and have a AAA rating. In any case it's a government owned entity and the bonds are very safe.

HUDCO N3 Series Tax Free Bonds

The HUDCO N3 Series Tax Free Bond attract carry an interest rate of 8.1 per cent. The Bonds are currently traded at Rs 1092 on the NSE and mature in 2022.Again, a decent coupon rate for those in the highest tax bracket.