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Who can apply / invest ?

1] Individual, 2] HUF, 3] Charitable Institute, 4] Company, 5] Firms, 6] Co-operative, 7] NRI, 8] Financial Institute

Benefits to the Investor

• In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 (43
of 1961) the Central Government authorizes REC to issue during the FY 2013-14, Tax Free, Secured, Redeemable, Nonconvertible
Bonds.
• The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per
provisions under section 10 (15) (iv) (h) of I.T. Act, 1961.
• There will be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective
of the amount of the interest or the status of the investors.
• Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957

Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size. Click here to download Application form of REC Tax free Bond 2014
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “REC Tax Free Bonds 2013 – Escrow Account – R”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *

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Click here to check your allotment status