New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise operating under the Ministry of Power, has recently unveiled a dedicated mobile application exclusively designed for current and prospective investors in REC’s 54EC Capital Gain Tax Exemption Bonds.
Named ‘SUGAM REC’, the mobile application will provide investors with comprehensive information regarding their investment in REC 54EC Bonds. Investors will have the ability to effortlessly download their e-bond certificates, initiate fresh investments, access vital forms for KYC updating, and also easily connect with REC’s Investor Cell via call, email, or WhatsApp.
The mobile application can be downloaded free of charge, on Android and iOS platforms.
On Android: https://play.google.com/store/apps/details?id=com.rec.org
On iOS: https://apps.apple.com/in/app/sugam-rec/id6468639853
‘SUGAM REC’ is amongst one of REC’s many digital initiatives.
What are Section 54EC Bonds?
Section 54EC Bonds are a type of fixed income financial instruments which provide tax exemption under capital gains to investors, under Section 54EC of the Income Tax Act.
About REC Limited
REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years of operations. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy. REC’s funding illuminates every fourth bulb in India. REC has recently diversified into financing infrastructure and logistics sector as well.
