Mobile app launched for details on 54EC Bonds
REC Limited has launched a mobile application exclusively for current and future investors in REC’s 54EC Capital Gain Tax Exemption Bonds.
Named ‘SUGAM REC’, the mobile app will offer investors with complete details of their investment in REC 54EC Bonds, the Power Ministry said on 6 Oct 2023.
Investors will be able to download their e-bond certificates, apply for fresh investment, download important forms related to updating of KYC, and also connect with REC’s Investor Cell via call / email / WhatsApp.
The mobile application can be downloaded free of charge, on Android and iOS platforms.
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.
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. Fiinews.com
