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.
Also Read RBI RDG Account – Buy & Sell G-Secs, Bonds, T-bills, and State Development Loans
Features
Also Read List of Government Bonds in India – Short-Term and Long-Term Bonds
| 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 year. Note – Subject to provisions of Section 54EC of IT Act, 1961, as amended. |
| Transferability | Non-transferable and Non-negotiable |
| Loan facility | No |
| 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 redemption |
| Rate of Interest | 5.00% annually |
| Redemption | 5 years |
| Tax Status | Taxable |
| Tax Benefit | SEC 54 EC |
| TDS | No |
Also Read Sovereign Gold Bond : Best Returns on Gold Investment
How to Buy PFC 54EC Bonds Online?
Recommended Articles – How to Buy PFC 54EC Bonds through Online?
Application Form
- 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.
Also Read SBI Capital Gain Bonds | 54EC Bonds | Features | Interest Rate 2022 | How to Buy SBI Online?
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.
https://kosmic.kfintech.com/pfc/pfc_query_window.aspx
Also Read RBI Bonds 2022 or Floating Rate Savings Bonds | Rate of Interest | Online & Offline
Contact Details
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
Tel: +91-40-6716-2222
Fax : +91-40-2343-1551
Email: pfc54ecbonds@kfintech.com
| Related Links | |
| What is the difference between Bond and Equity? | NPS vs PPF: NPS vs APY |
| What is the difference between Bond and Debenture? | SGB vs FD |
| RBI Bonds 2021 vs Tax Saving Fixed Deposits vs SGBs |