Karnataka Bank has been empaneled as an arranger & collector for HUDCO Capital Gain Bonds, further strengthening the Bank's commitment to offering a comprehensive range of investment solutions to its customers. With this empanelment, Karnataka Bank joins a select group of arrangers facilitating investments in Government-backed Capital Gain Bonds issued by Housing and Urban Development Corporation (HUDCO), Rural Electrification Corporation (REC), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC), under Section 85 of the Income Tax Ad, 202S (formerly section 54EC of the income Tax Act, 1961).
Capital Gain Bonds offer eligible taxpayers an opportunity to save tax on long-term capital gains while investing in secure, Government-backed instruments. Through this arrangement, Karnataka Bank customers can conveniently subscribe to HUDCO Capital Gain Bonds across the Bank's extensive branch network, backed by dedicated relationship management and seamless customer service.
The addition of HUDCO Capital Gain Bonds further strengthens Karnataka Bank's investment offerings, reflecting its continued focus on innovative financial products tailored to the evolving needs of retail and institutional customers.
Karnataka Bank has developed comprehensive range of customized products & services suitable for every kind of market, trade or perceived need - Business or Personal.
