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 percent 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 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 canceled cheque should be submitted along with the application form.
- The 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 keep a photocopy of the application form and mention his/her mobile number, and email ID in the application form.
PFC 54EC Bonds Allotment Status
Investors could check the status of the 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
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