Change of Interest rates in NHAI /REC 54 EC
This is to inform you that both REC and NHAI has 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 and NHAI 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.
This is further to clarify that only that amount of investment which is credited in REC’s and NHAI’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.
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