REC Limited Company, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has launched a mobile application called Sugam REC for existing and potential investors in 54EC Capital Gains Tax Exempt Bonds of RECs. The 'Sugam REC' app will provide investors with complete details of their investments in REC 54EC bonds. This special app is specifically designed to meet the needs of investors interested in REC's 54EC capital gains tax exempt bonds. With 'Sugam', REC aims to simplify the investment process and enhance the overall experience for both existing and potential investors.
Key Benefits of 'Sugam REC' Mobile Application:-
- Through the 'Sugam REC' app, investors will be able to download their e-bond certificates, apply for new investments, download important forms related to updating KYC and contact REC's investor cell through call/email/Whatsapp. Will also be able to contact. Will be able to connect.
- Investors can get information about REC's 54EC bonds, including features, benefits and eligibility criteria. This feature provides investors with the necessary knowledge to make informed decisions.
- The app provides a user-friendly interface for both new and existing investors so that they can easily apply for new investments.
- Sugam REC provides a convenient way to download important KYC forms, making the compliance process hassle-free.
- The app allows investors to connect with REC's investor cell through multiple channels including phone calls, emails and WhatsApp messages, ensuring quick and efficient assistance.
- 'Sugam REC' is available for download on both Android and iOS platforms. This reach ensures that investors from all walks of life can avail of this digital tool to enhance their investment experience.
What are Section 54EC bonds?
Section 54EC bonds are a type of fixed income financial instrument that offers tax exemption under capital gains to investors through Section 54EC of the Income Tax Act. They serve as an attractive investment option for individuals who want to reduce their tax liabilities while earning steady income.
Information about REC Limited
REC Limited is a Non-Banking Financial Company (NBFC), focused on financing and developing the energy sector across India. It was established in 1969 and has been in operation for over fifty years. It provides financial assistance to State Electricity Boards, State Governments, Central/State power utilities, independent power producers, rural power cooperatives and private sector utilities. Its business activities include financing for various projects across the entire energy sector value chain including generation, transmission, distribution and renewable energy. Every fourth bulb in India is lit with REC funding. RECs have also recently started dabbling in financing the infrastructure and logistics sector.