The interest on application amount for 54EC IRFC-REC-PFC Capital Gain Bonds is calculated from the date of realization of the cheque, demand draft, NEFT and also RTGS payment. The interest is accrued at the prevailing coupon rate specified for the bonds during the period. It is between the amount being withdrawn from the investor’s bank account and the date of allotment. The exact calculation method and applicable coupon rate can be found in the bond issuance documents or also in bond certificate provided by IRFC-REC-PFC.
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