In an IRFC-REC-PFC Capital Gain Bond application, you can typically nominate only one person as the nominee per application. The nominee is the individual who would receive the bond’s benefits in the event of the investor’s demise. Nominating a person ensures a smooth transfer of the bond’s benefits without legal complexities. Choose a trusted individual, such as a family member or spouse, as your nominee. (If you want to invest Rs. 50 Lakh and have 5 Nominees, then make 5 application with Rs 10 Lakh each. Sab Khush)