Yes, it is illegal for a broker to offer or share a percentage of the commission as a kickback to the investor for investment in IRFC-REC-PFC Capital Gain Bonds or any other financial instrument. (Allow the broker to make some money for offering services; why do you want to share in his earnings? Ask for service.)

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Click here for more details about REC Capital Gain Bonds
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Related posts:

  1. Do I have to pay any charges / fees or brokerage / commission to the broker for 54EC IRFC-REC-PFC Capital Gain Bonds?
  2. Why do you invest in IRFC-REC-PFC Capital Gain Bonds or 54EC IRFC-REC-PFC Capital Gain Bonds? What are the tax advantages of investing in IRFC-REC-PFC Capital Gain Bonds?
  3. If I want IRFC-REC-PFC Capital Gain Bonds in Demat form, will I get an IRFC-REC-PFC Capital Gain Bond certificate?
  4. How many IRFC-REC-PFC bond certificates will I get if I invest Rs.25,00,000 in IRFC-REC-PFC Capital Gain Bonds?
  5. What is the face value, issue price and minimum investment in 54EC IRFC-REC-PFC Capital Gain Bonds?
  6. Can NRI invest in IRFC-REC-PFC Capital Gain Bonds?
  7. When does the issue of IRFC-REC-PFC Capital Gain Bonds open and close?
  8. What is the Lock-in Period for IRFC-REC-PFC Capital Gain Bonds?
  9. Can I invest in 54EC IRFC-REC-PFC Capital Gain Bonds any amount? For example: my gain is Rs. 5,76,760.
  10. Do IRFC-REC-PFC Capital Gain Bonds needs a nominee signature?

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