As per the Company's internal Procedure, the allotment of bonds will be done on the following lines:
1. On receipt of payment into REC account, the schedule of bonds allotment will be done as follows.
| Payment Received Between |
Allotment Schedule |
| 01st to 15th of the Month |
Last date of the Month |
| 16th to Last date of the Month |
15th of Next Month |
2. In case the bonds are applied
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in demat Mode, the bonds shall be credited in investor's demat account within 10-15 days from the date of allotment.
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in Physical Mode, the Bond Certificate shall be dispatched to the registered address of the investor’s within 30-45 days.
3. Investor shall be eligible for Interest and Capital gain benefit from the receipt of funds in REC Account.