National Bank for Agriculture and Rural Development has floated Capital Gain Bonds for absorbing capital gains arising from transfer of long term capital assets in terms of new section 54 EC in the Income Tax Act. Explaining the features of the bonds, bank's Chief General Manager, S A Kareem, told reporters in Thiruvananthapuram on Thursday that application forms would be available to the prospective investors in the head office at Mumbai, regional offices and selected district development manager offices of NABARD. The minimum subscription of these bonds had been fixed at RS 10,000 or multiples thereof with a lock in period of three years, he said adding bonds carry an interest of 9.75 per cent per annum, payable annually. Bureau Report