Do I need a demat account to invest or can I invest in physical form in 54EC IRFC-REC-PFC Capital Gain Bond?

These 54EC IRFC-REC-PFC Capital Gain Bonds can be purchased in either physical mode or in demat form. A demat account is not mandated; there is no need to open a new one. If you do not have a demat account, you will get a physical IRFC-REC-PFC Capital Gain bond certificate like your Fixed Deposit receipt. (Do not worry)

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