No, it is not necessary to open a new bank account with the application’s accepting bank for investing in 54EC IRFC-REC-PFC Capital Gain Bonds. You can make the investment using a cheque from your existing bank account from any bank. There is no requirement to open a bank account with the application submission center or send it to us. (We are with you always.)

Click here for more details about IRFC Capital Gain Bonds
Click here for more details about REC Capital Gain Bonds
Click here for more details about PFC Capital Gain Bonds

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