REC Launches ‘SUGAM REC’ App for 54EC Bonds Investors

REC 54EC Bonds Mobile App

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has introduced a mobile application called ‘SUGAM REC.’ This app is specifically designed for both current and prospective investors in REC’s 54EC Capital Gain Tax Exemption Bonds.

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About the Sugam REC Mobile App

The ‘SUGAM REC’ mobile app is intended to provide investors with comprehensive information and details regarding their investments in REC 54EC Bonds. It aims to enhance the accessibility and convenience of managing these investments for individuals interested in this financial product.

The ‘SUGAM REC’ mobile app offers a range of features to investors, including the ability to:

Download e-bond certificates.
Apply for fresh investments.
Download essential forms for KYC updates.
Connect with REC’s Investor Cell through phone calls, emails, and WhatsApp.

This app is available for free download on both Android and iOS platforms, making it easily accessible to investors. ‘SUGAM REC’ is part of REC’s efforts to provide digital solutions and enhance the overall investor experience.

What are Section 54EC Bonds?

Section 54EC Bonds are a type of fixed-income financial instrument that provide tax exemption under capital gains to investors, under Section 54EC of the Income Tax Act.

About REC Limited

REC Limited is a Non-Banking Financial Company (NBFC) with a primary focus on financing and developing the power sector in India.

Established in 1969, it has been operational for over five decades.
REC Limited provides financial support to various entities in the power sector, including state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities.
Its financial assistance covers projects across the entire power sector value chain, including Generation, Transmission, Distribution, and Renewable Energy.
REC’s funding has a significant impact, powering every fourth light bulb in India.
Additionally, REC Limited has also ventured into financing projects in the infrastructure and logistics sectors.

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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