I wanted to invest in REC/NHAI bonds but they are not available in market at this time and hence I am not able to invest my funds. What to do?

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• How much can you invest in REC/NHAI Bonds?

  You can invest a minimum of Rs. 10,000 and a maximum of Rs. 50 lakh. The face value is Rs. 10,000 per bond, so you can buy up to 500 bonds.

• I have made investments in REC/NHAI bonds but the date of issue of bonds by REC/NHAI is beyond six months. Am I eligible?

  The eligibility for the benefits depends upon the date of payment by you towards investments in REC/NHAI bonds and date of receipt of such payments by REC/NHAI. If they have received your payments within a period of six months, you are eligible for ...

• Is it possible to invest more than Rs.50 lakhs in the REC/NHAI bonds?

  No. After amendment in the Finance Act (No.2) 2014, it is not possible to invest more than Rs.50 lakhs for benefits under section 54EC of the Act. But you may consider investment u/s 54F or 54.

• When can I invest in this scheme?

  You can invest in SSY in the name of the girl child any time before she turns ten years old.

• Can the bonds be owned jointly?

  Yes, this bond can be held in the name of a single holder as well as jointly. Keep in mind that even if you make separate applications, individually or jointly, the aggregate investment should not exceed Rs. 50 lakh, or both of you may lose the ...