Who can Apply/Invest in IRFC Capital Gain Bonds?
1. Individuals, 2. Hindu Undivided Families (HUF), 3. Partnership Firm, 4. LLP, 5. Insurance Companies, 6. Companies and Body Corporates, 7. Provident Funds, Superannuation Funds and Gratuity Funds, 8. Banks, 9. Mutual Funds, 10. Financial Institutions (FIs), 11. Foreign Portfolio Investors (Subject to existing regulations), 12. RRBs, 13. NRIs/other foreign eligible investor investing out of NRO A/c on non-repatriable basis subject to applicable law, 14. Co-operative Banks.15. Any other investor subject to applicable laws.

Documents Required to invest in Capital Gain Bonds
I. For Resident Indian Nationals:
a] PAN CARD
Documents in support of Name and Address (copies Self Attested in case of Individual, ANY ONE)
a) Aadhaar Card
b) Passport
c) Driving License
d) Identify Card issued by any institution
e) Copy of the electricity bill or telephone bill showing residential address
f) Any document or communication issued by any authority of the Central Government, State Government or local bodies showing residential address
g) Voters Identity Card
h) Ration Card

II. For NRIs / Other foreign eligible investor
a) Passport-Mandatory
b) PAN Card
c] Indian Address Proof
d] Overseas address proof.

III. For Corporate-Investor
Documents in support (copies attested by Company Secretary/Director)
a) Certificate of Incorporation and Memorandum & Articles of Association
b) Resolution of the Board of Directors and identification of those who have authority to operate
c) Power of Attorney granted to its managers, officers or employees to transact business, on its behalf
d) Copy of PAN/PAN Allotment letter.

IV. For Partnership Firms-Investor
Documents in support (copies attested by Notary)
a) Registration certificate, if registered
b) Partnership deed
c) Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
d) Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
e) Telephone bill in the name of firm/partners

V. Trust & Foundations-Investor
Documents in support (copies attested by Notary)
a) Certificate of registration, if registered
b) Power of Attorney granted to transact business on its behalf
c) Any officially valid document to identify the Trustees, Settlors, Beneficiaries and those holding Power of Attorney, Founders/Managers/ Directors and their
addresses
d) Resolution of the managing body of the Foundation/Association
e) Telephone bill
f) Copy of PAN / PAN Allotment letter (otherwise exemption certificate issued by IT Authorities)

RTGS/ NEFT Details for Payments:

• Original application along with necessary documents submit to the particular bank branch of your Location (collecting Bank on same day) along with UTRN / Payment details and Bank Statement.

Beneficiary Name : IRFC Capital Gain Bonds

For IRFC Capital Gain Bonds Application status, interest, maturity payment, name / bank change, bond certificate etc. contact the Registrar & Transfer Agent of issue :-

KFin Technologies Private Limited, (Formerly known as “Karvy Fintech Private Limited”)
Selenium Tower B, Plot Nos. 31 & 32, Financial District , Nanakramguda , Serilingampally Mandal , Hyderabad – 500032, P: +91 40 6716 2222, F: +91 40 2343 1551, Mr. M Murali Krishna & Mr. R.Williams, Email : irfc54ecbonds@kfintech.com;  einward.ris@kfintech.com

The details of the Nodal Officer of the Registrar is as under –
Mr. Nagesh Govu, Email : govu.nagesh@kfintech.com  Tel.: +91 40 6716 1503, Fax.: +91 40 2343 0814

Click Here to check your IRFC Capital Gain Bonds Application Form status online

Frequently Asked Questions related to IRFC (Indian Railway Finance Corporation) Capital Gain Bonds Investments:

Question: 1 Why do you invest in IRFC Capital Gain Bonds? What are the tax advantages of investing in it?
Answer : Long Term Capital Gains are the gains made from the selling of a Long Term Capital Asset, and they are subject to Capital Gains Tax. However, if this balance is invested in IRFC Capital Gain Bonds stated in Section 54EC within 6 months of the selling of the previous asset, such tax will be avoided.

Question: 2. Which bonds are valid under Section 54EC?
Answer : Under Section 54 EC, there are four eligible bond options for investment: –
2.REC (Rural Electrification Corporation)
3.IRFC (Indian Railway Finance Corporation) &
4.PFC (Power Finance Corporation Ltd)

Question: 3. What is the Lock-in Period for IRFC Capital Gain Bonds?
Answer : 5 years from the Deemed Date of Allotment. If the amount has been paid for the purchase of the bonds, the application cannot be withdrawn. These bonds are not traded on a stock exchange.

Question: 4. What is the coupon rate/interest rate/payable on IRFC Capital Gain Bonds?
Answer: A 5.25% annual payment is provided IRFC Capital Gain Bonds.

Question: 5. Can I get interest on IRFC Capital Gain Bonds monthly, quarterly, semi-annually, or annually?
Answer: The interest is only paid yearly.

Question: 6. When will I get the interest payment on my IRFC Capital Gain Bonds?
Answer : The interest on IRFC Capital Gain Bonds is due on 15th October every year. Normally, the interest is credited by NEFT / RTGS on the same or next day (subject to banking holidays).

Question: 7. Is the interest earned on IRFC Capital Gain Bonds tax-free?
Answer : No, the interest earned on IRFC Capital Gain Bonds is taxable…

Question: 8. Can TDS (Tax Deduction at Source) be deducted from the interest amount of IRFC Capital Gain Bonds?
Answer : TDS will not be deducted on IRFC Capital Gain Bonds, but interest will be taxable.

Question: 9. Where does the issue of IRFC Capital Gain Bonds open and close?
Answer: The IRFC Capital Gain Bonds issue begins on April 1, 2023 and ends on March 31, 2024.

Question 10: What are the payment methods for investing in IRFC Capital Gain Bonds?
Answer: Payment can be made by cheque, DD, RTGS, or NEFT (details given above)

Question: 11. What is the procedure for applying for IRFC Capital Gain Bonds?
Answer: You may apply for the 54 EC IRFC Capital Gain Bonds either offline with physical forms or download form online from www.sanriya.in.

Question 12: What is the subscription mode for IRFC Capital Gain Bonds?
Answer: 100% on applicant allotment can be completed, provided the application is in place.

Question: 13. What is the deemed date of IRFC Capital Gain Bond allotment?
Answer : Last day of each month for application money cleared and credited in companies collection account.

Question: 14. What is interest on application money, i.e. the time between amount withdrawn from investors’ banks and the date of allotment of IRFC Capital Gain Bonds?
Answer : From the date of realization of the cheque/demand draft/NEFT/RTGS , at the prevailing Coupon Rate

Question: 15. What is the face value, issue price, and minimum investment in IRFC Capital Gain Bonds?
Answer: Rs.10,000/- per bond / Rs.20,000/- as a minimum investment

Question 16: What is the permissible amount that can be invested in a IRFC Capital Gains Bond?
Answer: In a financial year, 500 bonds of Rs. 10,000/- each (Subject to section 54EC of Income Tax Act, 1961)

Question: 17. Can I invest of IRFC Capital Gain Bonds in any amount? For example: my gain is Rs. 5,76,760.
Answer : Each bond must be worth Rs. 10,000/-, so you can purchase either 57 or 58 bonds, i.e. Rs. 5,70,000 or Rs. 5,80,000 respectively.

Question: 18. How many bond certificates will I get if I invest Rs.25,00,000 in IRFC Capital Gain Bonds?
Answer : Since each bond is worth Rs. 10,000/-, the company will give you 250 bonds in a single certificate.

Question: 19. Do I need a Demat account to invest, or can I invest in physical form in IRFC Capital Gain Bond?
Answer : These IRFC Capital Gain Bonds can be purchased in either physical or 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 bond certificate similar to your Fixed Deposit Receipt.

Question: 20. Is it necessary for me to open a new bank account with the application’s accepting bank for IRFC Capital Gain Bond?
Answer : There is no need to open a new bank account; a cheque from your existing bank account from any bank would sufficient for investments. (It is not required to open bank account with application submission centre)

Question: 21. Is it possible to transfer IRFC Capital Gain Bonds? May I get a loan or advance on the bonds?
Answer : IRFC Capital Gain Bonds are non-transferable, non-negotiable, and cannot be used as collateral on any bank advance or loan.

Question: 22. How to get maturity amount of IRFC Capital Gain Bonds?
Answer : At maturity, IRFC Capital Gain Bonds will be immediately repaid without the surrender of Bond Certificate and the invested amount will be transferred to the investor’s bank account via RTGS, NEFT or cheque (If a bank credit is rejected due to a change of account number, IFSC code, the closure of a bank account, etc.). If you have not received the amount then contact the Registrar of Issue or your broker.

Question: 23. Do I have to pay any charges/Fees* or brokerage / commission to the broker for IRFC Capital Gain Bonds?
Answer: No, brokerage is paid by IRFC Capital Gain Bonds to broker.* (Broker gets only 0.05% of invested amount.) So ask for service, not brokerage.

Question: 24. Does the broker share / offer a percentage of the commission as a kickback to the investor for investment in IRFC Capital Gain Bonds?
Answer: No, it is illegal.

Question: 25: If there is no bank or submission centre for IRFC Capital Gain Bonds in my area?
Answer: If your location has not mentioned in the list, in that case you have to send Capital Gain Bond Application Form along with above document to below mention address by registered post or courier :-
   Sanriya Investments Services,
   Kamdhenu, 2nd Floor, Opp. Prakash Bhavan,
   Next to Bank of Baroda, Near Chattushringi Temple,
   above Tribes India, Senapati Bapat Rd, Shivajinagar,
   Pune, Maharashtra 411016, Mobile No: 9175193456 / 9175937625
We will inform you on receipt of your application, will check everything and update you if any this is pending, will submit your form and send you the acknowledgement.

Question: 26. Whom can I contact to check the status of my application form, interest payments, maturity payments, change of bank details, name change, nomination change, and so on for IRFC Capital Gain Bonds?
Answer: Kindly contact the registrar of issue for information on the status of your application form, interest payments, maturity payments, change of bank data, name change, candidate change, and so on for IRFC Capital Gain Bonds.

Question: 27. Will I apply for IRFC Capital Gain Bonds more than once? For eg, would you rather invest Rs. 50 lakh in two applications worth Rs. 25 lakh each or five applications worth Rs. 10 lakh each?
Answer: Yes, you can submit several applications; however, the maximum tax benefit is Rs 50 lakhs under Section 54EC.

Question: 28. How many nominees are permitted in an IRFC Capital Gain Bond application?
Answer: You may only get one nominee per application form.

Question: 29. Do IRFC Capital Gain Bonds needs a nominee signature?
Answer: It is entirely optional.

Question: 30. Will it suffice if I make the RTGS or NEFT transfer to the IRFC Capital Gain Bonds account first and then submit the application form?
Answer: Yes, you must submit the required paperwork, as well as your UTRN No. / Payment reference number, to the nearest bank branch.

Question: 31. If I process the application and make the payment, what do I need to submit to my CA for tax exemption purposes, or do I need to wait for my bond certificate?
Answer: Your acknowledgement would serve as evidence of your investment. The certificate could arrive at any time from IRFC Capital Gain Bonds.

Question: 32. If I want IRFC Capital Gain Bonds in Demat form, will I get a bond certificate?
Answer: If you have applied for allotment in demat mode, you will not get a physical certificate; instead, your bonds will be reflected in your demat account as frozen holdings.

Question: 33. How long does it take to receive a physical bond certificate in the case of an IRFC Capital Gains Bond?
Answer: It usually takes 8 weeks from the date of your cheque clearance, but it can be delayed by 15 days at times.

IRFC Capital Gain Bond – Company Profile: –