REC capital Gain Bonds Series XV

Submitted by oldbcl_admin on Wed, 09/04/2024 - 10:44
Issue Name
REC capital Gain Bonds Series XV
Features
CAPITAL GAIN BONDS
FEATURES

  • Issue is Open ,Closes on-31.03.2022

  • Rate of Interest 5.00% p.a. payable annually on 30th June

  • Facility of Payment of Interest and Redemption through N ECS

  • Bonds can be held in Demat /Physical Form

  • Automatic Redemption after 5 Years without surrendering Bonds Certificate

  • No TDS on Interest

  • On line viewing of Bonds Status from the dedicated web site http://rec.rcmcdelhi.com

  • Minimum Investment Rs 10000, Maximum Investment Rs 50 lakhs

Details
CAPITAL GAIN BONDS
DETAILS

ISSUEHIGHLIGHTS

SecurityName

RECCapital Gains Tax Exemption Bonds Series - XV

Rating

CRISILAAA , IND AAA CARE AAA & ICRA AAA

FaceValue

Rs.10,000 (Rupees Ten Thousand Only) per bond

IssuePrice

Atpar (Rs 10,000/- per bond)

Tenor

5years from the deemed date of allotment

CouponRate

5%p.a.

Couponpayment date

Everyyear on 30th June till redemption and balance along withredemption

Minimumapplication size

andin multiple of thereafter

Applicationmust be for a minimum size of Rs 20,000/- (2 bonds) and then inmultiple of Rs 10,000/-

(1bonds) thereafter

Maximum application size

500bonds of Rs. 10,000/- each (Rs. 50,00,000/-)

Modeof issue

Privateplacement basis

Modeof Subscription

Applicantsmay make remittance of application money through electronic modeor cheque / draft drawn in favour ofRural Electrification Corporation Limited - 54EC Bonds.

DeemedDate of allotment

Lastday of each month in which the subscription money is received andcredited to REC Capital Gain Bond collection account

Dateof Redemption

Atthe end of 5 years from the Deemed date of Allotment.

Transferability

Non-transferable,Non- Marketable, Non-negotiable and cannot be offered as asecurity for any loan or advance

Listing

TheBonds will not be listed on any stock exchange due tonon-transferability during the tenure of Bonds.

Trustees

SBICAPTrusteeship Ltd.

Bankersto Issue

HDFCBank Ltd, Indusind Bank Ltd, Yes Bank Ltd, ICICI Bank Ltd, KotakMahindra Bank Ltd and Canara Bank (List of Collection Centresattached)

Registrarto the issue

KARVYFINTECH PVT. LTD, Karvy Selenium, Tower B, Plot Number 31 &32,Financial District, Gaichibowli, Hyderabad – 500032,

Tel:+91 40 67162222, Fax: +91 40 2343 1551

Chequein Favor of

RuralElectrification Corporation Limited - 54EC Bonds

TDS

Asper prevailing rules, TDS on the interest payable to ResidentIndian will not be deducted.

RTGSDetails

HDFCBank

AccountName: REC 54EC BONDS

AccountNumber: 00030350000584

IFSCCODE: HDFC0000003

BranchAddress: 209 - 214, KAILASH BUILDING, 26, KASTURBA GANDHI MARG,

NEWDELHI-110001