The lock-in period for IRFC-REC-PFC Capital Gain Bonds (54EC Bonds) was 5 years from the deemed date of allotment. Once an investor purchases these bonds and the amount is paid, the application cannot be withdrawn before the completion of the lock-in period.
It’s important that during the lock-in period, the IRFC-REC-PFC Capital Gain Bonds are not tradable on a stock exchange. Investors must hold the bonds until the completion of the lock-in period to fulfil the eligibility criteria for claiming the capital gains tax exemption under Section 54EC of the Income Tax Act.

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