Where to buy 54EC capital gains bonds

Options that meet these criteria

Listed alphabetically. This is not a ranking.

54EC capital gains bonds Government channel

Our channel page sets out the four issuers, the limits, the lock-in and how interest is taxed in one place.

Altifi Bond platform

Its homepage lists 54EC bonds among its products, alongside G-secs and corporate bonds.

Aspero Bond platform

Runs a 54EC capital gain bonds product page alongside its corporate and government bond pages.

Bonds Kart Bond platform

Lists 54EC bonds from IRFC, PFC and REC, with IRFC shown from ₹10,000 and PFC and REC from ₹20,000.

GoldenPi Bond platform

Runs a curated capital gain (54EC) bonds collection.

ICICI Direct Broker app

Lists REC, PFC, IRFC and HUDCO 54EC bonds at 5.25%, in multiples of ₹10,000 with a 2 bond (₹20,000) minimum and a ₹50 lakh maximum.

IndiaBonds Bond platform

Lists capital gain (54EC) bonds among its products.

The terms, as published by ICICI Direct

Item	Detail
Issuers	REC, PFC, IRFC and HUDCO
Interest	5.25% a year, taxed at your slab rate, no TDS
Minimum	2 bonds of ₹10,000 (₹20,000); Bonds Kart shows IRFC from ₹10,000
Maximum	₹50 lakh (500 bonds)
Lock-in	5 years, with no premature redemption
Transfer	Not transferable

What changed in Aug 2026

SEBI's circular of 14th Aug 2026 lets online bond platforms offer 54EC bonds, now covered by section 85 of the Income-tax Act 2025. Platforms must disclose the lock-in, the limits and the non-transferability, and must state that grievances lie with the issuer, not SEBI. SEBI's consultation paper of 5th May 2026 had noted that few platforms were willing to offer these bonds.

Questions that belong to your CA

The window for investing after a sale, which gains qualify and how the limit applies are matters of the Income-tax Act. This page covers where to buy, not whether the exemption applies to you.

Other places that mention 54EC bonds

Digifinn's Sep 2026 rebrand release, a third-party review of Bondbazaar and the FAQ index of SMEST all mention 54EC bonds. We could not confirm a live product page on each, so they are not listed as options.

Questions people ask

What is the minimum investment in 54EC bonds?

ICICI Direct lists a minimum of 2 bonds of ₹10,000, or ₹20,000. Bonds Kart shows IRFC's 54EC bond from ₹10,000.

Can I sell 54EC bonds before 5 years?

No. ICICI Direct's terms say the bonds are non-transferable and cannot be redeemed early during the 5 year lock-in.

Is 54EC bond interest tax-free?

No. Interest is taxed at your slab rate, and ICICI Direct says no TDS is deducted.