All about 54 EC Bonds
Product Highlights :
| REC | |
|---|---|
| Issue | Capital Gains Tax Exemption Bonds – Series XVIII |
| Credit Rating |
‘ICRA AAA’ by ICRA Limited.
‘CARE AAA’ Stable/ CARE A1+ by Care Rating Limited. 'CRISIL AAA/Stable' by CRISIL Limited. |
| Face Value | ₹ 10,000/- per bond |
| Issue Price | ₹ 10,000/- per bond |
| Coupon Rate | 5.25% annually |
| Minimum Application Size | Two Bonds of ₹ 10,000/- each. (i.e. Minimum ₹ 20,000) |
| Maximum Application Size | 500 Bonds of ₹ 10,000/- each in a financial year |
| Interest Payment & Date | Annually on June 30 of each year |
| Tenor | 5 years/60 months from the deemed date of allotment. |
Why 54EC REC Bonds?
- Popular investment instruments to claim tax exemption on long term capital gains. Benefit of investing would be available on sale of land or building (residential or commercial).
- 100% Risk free investment.
- The holding period for these bonds is 3 years for bonds issued on/before April 1, 2018 and 5 years for these bonds, if issued on/after April 1, 2018.
- Interest on 54EC bonds is taxable and is earned annually.
- 54EC bonds are non-transferrable.
FAQs
1. Can we apply online?
2. How do we apply offline?
3. Where do we have to submit the application?
4. How can I check the status of my application?
5.
What are the benefits of opening a holding certificate in a demat mode instead of physical mode?
