Claiming Exemption U/s 54EC? Keep The Money Locked

Exemption U/s 54EC of the Income Tax Act 1961 is allowed for the amount of capital gain earned by the transfer of long term capital asset if the gain amount is invested in specified bonds and securities like NHAI (National Highway Authority of India) and RECL (Rural Electrification Corporation Limited). The Income Tax Act terms them as long term specified assets.
But the major condition related to this section is that the long term specified assets purchased for claiming the above exemption have be kept locked for a minimum period of 3 years from the date of purchase. It these specified assets are transferred during this period the amount of capital gain exempted from tax will become taxable in the year of transfer. Even if a loan is taken on the security of such assets then also it will be considered to be a transfer.