Can I avail nomination facility on 54EC Bonds?

Yes. A nomination facility is available for Capital Gain 54EC Bonds:

  • The sole individual bondholder (or the first bondholder in a joint holding) can nominate one individual as the nominee.
  • In the case of joint holders, the nominee becomes entitled to the bond proceeds only after the death of all bondholders in succession.
  • For bonds held in Demat form, nominee and demographic details are taken from the DP ID/Client ID, and any nominee details submitted in the application form will not be considered valid