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Investors can benefit from the capital gain tax exemption under Section 54EC of the Income Tax Act 1961 by investing in 54EC capital gain bonds. These bonds allow investors to save on long-term capital gains resulting from the sale of immovable property, provided they invest in the bonds within six months of the sale. The maximum investment limit for 54EC bonds is Rs. 50,00,000 per financial year. With effect from 1st April, 2023, the interest rate on these bonds has been increased to 5.25% per annum. It is important to note that the interest earned on these bonds is liable to income tax.

These bonds have the highest safety rating, "AAA," and are issued by central PSUs, which means there is no risk involved in terms of repayment and interest.

Rural Electrification Corporation


(Rural Electrification Corporation)

Minimum Investment
ROI (per annum)
Interest Credit Date
30th June
Indian Railway Finance Corporation


(Indian Railway Finance Corporation)

Minimum Investment
ROI (per annum)
Interest Credit Date
15th October
Power Finance Corporation


(Power Finance Corporation)

Minimum Investment
ROI (per annum)
Interest Credit Date
31st July

How offline investment works?

  • Download & fill Application form

    Click to download form

  • Payment

    Bank details for making payemnt via RTGS/NEFT/CHEQUE

  • Submit Application

    Submit application to nearest RR office or call us on 9350316010 to arrange pickup.

  • Need Help?

    Call on the mobile number given below for any related help


Key Features

  • Rate of Interest

    54EC bonds offer 5.25% rate of interest payable annually.

  • Investment Amount

    Amount of 1 bond is 10,000/- and for PFC, IRFC, REC the minimum number of bond should be 2 that is 20,000/- for each and the maximum investment in 54EC bonds is 500 bonds amounting to Rs 50 lakhs in a financial year.

  • Maturity

    54EC bonds come with a lock-in period of 5 years (effective from April 2018).

  • Transferability

    The 54EC bonds cannot be transferred from one person to another at any point in time.

  • Tax applicable on interest

    No TDS is deducted for resident individual however TDS will be deducted for NRIs. Interest is taxable as per investor income slab for all investors

Why to invest in 54EC Capital Gain Bonds?

Who are eligible to invest in these Bonds?

Capital Gain Bonds

List of Documents Required

  1. Self-attested copy of PAN Card (in case of Joint application, self-attested PAN copy of all the applicants) OR Form 60 (in case the investor does not have PAN).
  2. Cancelled Cheque leaf for payment of interest/redemption through NEFT/RTGS facility.
  3. Other documents as applicable below:

Any one of the following for address proof:

  1. AADHAAR Card
  2. Passport/Driving License
  3. Identify Card issued by any Government Institution
  4. Copy of the electricity bill or Gas connection showing residential address
  5. Any document or communication issued by any authority of the Central Government, State Government or local bodies showing residential address
  6. Voters Identity card
  7. Ration Card
  8. Bank Passbook with address and latest transactions updated

All documents (as applicable) attested by any Partner/Notary

  1. Registration certificate, if registered
  2. Partnership deed
  3. Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
  4. Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
  5. Telephone bill in the name of firm/partners
  6. Copy of PAN/PAN Allotment letter

All documents (as applicable) attested by Trustee/Notary

  1. Certificate of registration, if registered
  2. Power of Attorney granted to transact business on its behalf
  3. Any officially valid document to identify the Trustees, Settlers’, Beneficiaries and those holding Power of Attorney, Founders/Managers/ Directors and their addresses
  4. Resolution of the managing body of the Foundation/Association
  5. Telephone bill
  6. Copy of PAN/PAN Allotment letter (otherwise exemption certificate issued by IT Authorities)

  1. Passport (Mandatory)
  2. Photocopy of Cancelled Cheque (NRO Account)
  3. Self certified address proof

All documents (as applicable) attested by Company Secretary/Director

  1. Certificate of incorporation and Memorandum & Articles of Association
  2. Directors and identification of those who have authority to operate
  3. Power of Attorney granted to its managers, officers or employees to transact business, on its behalf
  4. Copy of PAN/PAN Allotment letter

Frequently Asked Questions (FAQs)

Already applied?

Track your allotment status by clicking on the following links.


1 April, 2023

Capital gain bonds interest rates have been increased to 5.25%

With effect from 1st April , 2023, the rate of interest on Capital Gain Bonds has been increased from 5% to 5.25%. This move is aimed at encouraging more individuals to invest...

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20 December, 2022

Things You Must Know Before Investing In Capital Gain Bonds

Capital Gain Bonds are one of the investment option available in India to help you lower your tax burden from the sale of capital assets is the often known as the 54EC bond...

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Last Updated : 1 April, 2023

How much tax you can save by investing in Capital Gain Bonds?

As the saying goes, it is always good to save money that you already have as it is to earn more. Similarly, it is also a wise decision to save your gains from taxation. One of the best...

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Authorised Arrangers

RR has been an authorised broker/arranger with all issuers of Capital Gain Bonds since their inception. RR is also among the top mobilizers of capital gain bonds in India. We have a pan-India presence through our network and offices.

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

LandlineLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010


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* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

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