PFC 54EC Bonds – Features | Application Form | Rate of Interest | Allotment
PFC 54EC Bonds
If you have sold a residential property, land or building recently, you can avail of tax exemption on the resultant profit by investing in 54EC bonds (i.e. capital gains bonds).
The exemption is available u/c 54EC of the IT Act. The investment has to be made within 5 months of selling the property. These 54EC bonds are floated by Power Finance Corp. Ltd (PFC) from time to time.
PFC 54EC bonds come with a lock-in period of 5 years and are non-transferable. These bonds offer an interest rate of 5.00 per cent per annum, payable annually.
|Issued by||Power Finance Corporation Limited|
|Trustee||Beacon Trusteeship Limited|
|Investment Option||Online or Offline.|
|Eligibility||Any individual, Hindu Undivided Family (HUF), approved institution and non-resident Indian (NRI), can invest in these bonds provided certain conditions are met.|
|Mode of Holding||Physical or Demat.|
|Issue price||INR 10000/- per Bond|
|Minimum investment||Two Bonds of INR 10,000/- each. (i.e. Minimum ₹ 20,000)|
|Maximum investment||500 Bonds of INR 10,000/- each (i.e. maximum ₹ 50,00,000) in a financial|
Note – Subject to provisions of Section 54EC of IT Act, 1961, as
|Transferability||Non-transferable and Non-negotiable|
|Lock in Period||5 Years|
|Maturity||At par, 5 years from Deemed Date of Allotment|
|Interest payment||Every year on 31st July till redemption and balance along with|
|Rate of Interest||5.00% annually|
|Tax Benefit||SEC 54 EC|
How to Buy PFC 54EC Bonds through Online?
- The PAN no. should be mentioned in the Application Form. A self certified copy of PAN card, Adhar card and certified copy of address proof of 1st Applicant and one cancelled cheque should be submitted along with application form.
- Applicant’s name, address and application number should be mentioned on the reverse of the Demand Draft/Cheque. Cash, Money Orders or Postal Orders will NOT be accepted.
- It is advisable that you keeps a photocopy of the application form and mentions his/her mobile number, email ID in the application form.
PFC 54EC Bonds Allotment Status
Investor could check the status of application from the below link. Usually, it takes 10-15 working days
for the status to get updated in the below links.
KFin Technologies Pvt Ltd, Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad, Telangana – 500032.
Contact Person : Mr. M Murali Krishna & Mr. R. Williams
Fax : +91-40-2343-1551