Keeping in mind the reducing trend in interest rates on FDs and other fixed income securities after the Demonetisation of Rs 500 and Rs 1,000 notes by the most respected Government of India, both REC and NHAI have decided to reduce the rate of interest for 54EC Capital Gain Tax Exemption bonds wef 01.12.2016. The new rate of interest for these bonds will be 5.25 % per annum. The amount invested in REC 54EC Capital Gain Tax Exemption Bonds where the amount of investment is credited in REC’s Collection Accounts on or after 1st December, 2016 and where deemed date of allotment for the bonds is 31st December, 2016 or a later date, the coupon/ interest rate will be 5.25 % per annum.
Capital Gains Bond After Real Estate / Property Sale
These Capital Gains Bonds are very popular with Indians after selling their Real Estate / Property they had an option to invest upto Rs 50 Lakhs per person in a 12 Month Period [Not Financial Year] Now interest rates on these Bonds will be just 5.25% instead of 6% offered earlier.
This is further to clarify that only that amount of investment which is credited in REC’s Collection Accounts till 30.11.2016 will be eligible for the present interest rate of 6.00% pa. The amount already invested in the bonds will not be impacted due to change of rate of interest and will continue to receive the same rate till maturity date of the bonds. All the other terms & conditions of the Information Memorandum (IM) for the above series of bonds will remain same.