REC Limited, a leading public sector enterprise in India, has launched a new mobile app called “SUGAM REC” for investors of its 54EC Capital Gain Tax Exemption Bonds. The app provides a convenient and hassle-free way to access various investment services, such as:
- View and manage account details
- Apply for new bonds or additional investments
- Download important forms and certificates
- Raise queries to REC Investor Cell
The app is available for download on both Android and iOS devices.
Benefits of Using the SUGAM REC App
The SUGAM REC app offers several benefits to investors, including:
- Convenience: Investors can access all of their investment information and services from anywhere, at any time.
- Transparency: The app provides real-time updates on account balances, investment status, and other important information.
- Efficiency: The app streamlines the process of applying for new bonds or additional investments, downloading forms and certificates, and raising queries with REC Investor Cell.
How to Use the SUGAM REC App
To use the SUGAM REC app, investors must first create an account. This can be done by providing their PAN number, mobile number, and email address. Once the account is created, investors can log in to the app and start using the various features.
Features of the SUGAM REC App
The SUGAM REC app offers a variety of features to help investors manage their investments, including:
- Account Overview: This section provides a summary of the investor’s account, including the total investment amount, interest earned, and maturity date.
- Investment Details: This section provides detailed information about the investor’s investments, such as the bond type, investment amount, interest rate, and maturity date.
- Transaction History: This section shows the investor’s complete transaction history, including investments, withdrawals, and interest payments.
- Download Forms and Certificates: This section allows investors to download important forms and certificates, such as the investment application form, bond certificate, and interest certificate.
- Raise Queries: This section allows investors to raise queries with REC Investor Cell. Queries can be raised about a variety of topics, such as account status, investment process, and tax benefits.
How to Apply for New Bonds or Additional Investments Using the SUGAM REC App
To apply for new bonds or additional investments using the SUGAM REC app, investors must first log in to the app and go to the “Investments” section. From here, they can select the option to apply for new bonds or additional investments.
The app will then prompt the investor to enter the desired bond type, investment amount, and other relevant information. Once the application is submitted, the investor will receive a confirmation message.
How to Download Forms and Certificates Using the SUGAM REC App
To download forms and certificates using the SUGAM REC app, investors must first log in to the app and go to the “Forms and Certificates” section. From here, they can select the desired form or certificate and download it to their device.
How to Raise Queries with REC Investor Cell Using the SUGAM REC App
To raise a query with REC Investor Cell using the SUGAM REC app, investors must first log in to the app and go to the “Raise Queries” section. From here, they can select the topic of their query and enter the relevant details.
Once the query is submitted, the investor will receive a response from REC Investor Cell within a few business days.
Conclusion
The SUGAM REC app is a valuable tool for investors of REC’s 54EC Capital Gain Tax Exemption Bonds. It offers a convenient, transparent, and efficient way to manage investments and stay informed about account status.
Investors are encouraged to download the app and start using its various features to take full advantage of their investment.
Additional Information
In addition to the features listed above, the SUGAM REC app also offers the following:
- Push Notifications: Investors can enable push notifications to receive real-time updates on their account, such as investment confirmations, interest payments, and maturity alerts.
- Security: The app uses the latest security features to protect investor data.
- Customer Support: Investors can contact REC Investor Cell for assistance with any questions or concerns
- Given below are the links for quick and easy download of the application:
- On Android: https://play.google.com/store/apps/details?id=com.rec.org
- On iOS: https://apps.apple.com/in/app/sugam-rec/id6468639853
