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The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advanceīonds will be automatically redeemed by NHAI on maturity, without the surrender of Bond Certificate(s) and the proceeds would be paid by cheque or NECS/ECS.Ĭheque / Draft to be drawn in the name ofĭemat account is not mandatory, if you don’t have demat a/c, then you will receive physical bond certificate like your Fixed Deposit.ĭo I need to open new bank a/c from application accepting bank Interest is Taxable, but TDS will not be deducted, Income Tax Act 1961 and NHAI Act. 50,00,000) in a financial year (Subject to section 54EC of Income Tax Act, 1961) “ICRA AAA/Stable, CARE AAA/Stable, CRISIL AAA/Stable & IND AAA/Stableįace Value / Issue Price/ Minimum Investment Last day of each month for application money cleared and credited in NHAI’s collection account National Highways Authority of India – NHAI 54EC Capital Gains Bondsĥ% p.a, payable annually on 1st April every year, Interest payment will be made by NECS/At Par Cheque/Demand DraftsĪt the prevailing Coupon Rate from the date of realization of cheque / demand draft / NEFT / RTGS.
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MAHARANA PRATAP EPISODE 309 SERIES
Section 54EC Tax Exemption Bonds Series – XXII Type National Highways Authority of India – NHAI Capital Gains Bond 2021-22