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Which organization recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors?
- a)Reserve Bank of India (RBI)
- b)State Bank of India (SBI)
- c)Indian Council for Cultural Relations (ICCR)
- d)REC Limited
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which organization recently launched the 'SUGAM REC' mobile app for 54...
The 'SUGAM REC' mobile app for 54EC Bonds investors was launched by REC Limited (formerly Rural Electrification Corporation Limited). REC Limited is a Non-Banking Financial Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC) based in New Delhi, Delhi.
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Which organization recently launched the 'SUGAM REC' mobile app for 54...
REC Limited recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors.
Explanation:
REC Limited, formerly known as Rural Electrification Corporation Limited, is a Government of India owned company that provides financial assistance and promotes electrification and development of rural areas in India. It is a leading public infrastructure finance company in the power sector.
Launch of 'SUGAM REC' Mobile App:
REC Limited recently launched the 'SUGAM REC' mobile app specifically for 54EC Bonds investors. The app aims to provide a seamless and user-friendly platform for investors to apply for and track their investments in 54EC Bonds.
Features of the 'SUGAM REC' Mobile App:
The 'SUGAM REC' mobile app offers several features to enhance the experience of 54EC Bonds investors. Some of the key features include:
1. Easy Application Process: Investors can easily apply for 54EC Bonds through the app. The process is quick, convenient, and eliminates the need for physical paperwork.
2. Tracking Facility: The app allows investors to track the status of their investment applications in real-time. They can stay updated on the progress of their investments through the app.
3. Notifications and Alerts: Investors receive timely notifications and alerts regarding important updates, such as interest payments, maturity date, and other relevant information related to their investments.
4. Secure and User-Friendly Interface: The app provides a secure and user-friendly interface for investors to manage their investments. It ensures the confidentiality and privacy of investor information.
5. Customer Support: The app offers dedicated customer support to assist investors with any queries or concerns related to their investments in 54EC Bonds.
Benefits of the 'SUGAM REC' Mobile App:
The launch of the 'SUGAM REC' mobile app brings several benefits to 54EC Bonds investors. Some of the key benefits include:
1. Convenience: Investors can apply for and track their investments anytime, anywhere through the mobile app. They no longer need to visit physical offices or banks to complete the investment process.
2. Time-Saving: The app streamlines the investment process, saving investors valuable time. It eliminates the need for manual paperwork and reduces the overall processing time.
3. Transparency: Investors can access real-time updates on their investments, ensuring transparency in the process. They can track the status of their applications and receive notifications about interest payments and maturity dates.
4. Enhanced User Experience: The user-friendly interface of the app makes it easy for investors to navigate and manage their investments. It provides a seamless experience that enhances customer satisfaction.
In conclusion, REC Limited's launch of the 'SUGAM REC' mobile app for 54EC Bonds investors demonstrates its commitment to leveraging technology for the convenience and benefit of its investors. The app's features and benefits make it a valuable tool for investors looking to invest in 54EC Bonds and track their investments efficiently.
Explanation:
REC Limited, formerly known as Rural Electrification Corporation Limited, is a Government of India owned company that provides financial assistance and promotes electrification and development of rural areas in India. It is a leading public infrastructure finance company in the power sector.
Launch of 'SUGAM REC' Mobile App:
REC Limited recently launched the 'SUGAM REC' mobile app specifically for 54EC Bonds investors. The app aims to provide a seamless and user-friendly platform for investors to apply for and track their investments in 54EC Bonds.
Features of the 'SUGAM REC' Mobile App:
The 'SUGAM REC' mobile app offers several features to enhance the experience of 54EC Bonds investors. Some of the key features include:
1. Easy Application Process: Investors can easily apply for 54EC Bonds through the app. The process is quick, convenient, and eliminates the need for physical paperwork.
2. Tracking Facility: The app allows investors to track the status of their investment applications in real-time. They can stay updated on the progress of their investments through the app.
3. Notifications and Alerts: Investors receive timely notifications and alerts regarding important updates, such as interest payments, maturity date, and other relevant information related to their investments.
4. Secure and User-Friendly Interface: The app provides a secure and user-friendly interface for investors to manage their investments. It ensures the confidentiality and privacy of investor information.
5. Customer Support: The app offers dedicated customer support to assist investors with any queries or concerns related to their investments in 54EC Bonds.
Benefits of the 'SUGAM REC' Mobile App:
The launch of the 'SUGAM REC' mobile app brings several benefits to 54EC Bonds investors. Some of the key benefits include:
1. Convenience: Investors can apply for and track their investments anytime, anywhere through the mobile app. They no longer need to visit physical offices or banks to complete the investment process.
2. Time-Saving: The app streamlines the investment process, saving investors valuable time. It eliminates the need for manual paperwork and reduces the overall processing time.
3. Transparency: Investors can access real-time updates on their investments, ensuring transparency in the process. They can track the status of their applications and receive notifications about interest payments and maturity dates.
4. Enhanced User Experience: The user-friendly interface of the app makes it easy for investors to navigate and manage their investments. It provides a seamless experience that enhances customer satisfaction.
In conclusion, REC Limited's launch of the 'SUGAM REC' mobile app for 54EC Bonds investors demonstrates its commitment to leveraging technology for the convenience and benefit of its investors. The app's features and benefits make it a valuable tool for investors looking to invest in 54EC Bonds and track their investments efficiently.
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Which organization recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors?a)Reserve Bank of India (RBI)b)State Bank of India (SBI)c)Indian Council for Cultural Relations (ICCR)d)REC LimitedCorrect answer is option 'D'. Can you explain this answer?
Question Description
Which organization recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors?a)Reserve Bank of India (RBI)b)State Bank of India (SBI)c)Indian Council for Cultural Relations (ICCR)d)REC LimitedCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which organization recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors?a)Reserve Bank of India (RBI)b)State Bank of India (SBI)c)Indian Council for Cultural Relations (ICCR)d)REC LimitedCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which organization recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors?a)Reserve Bank of India (RBI)b)State Bank of India (SBI)c)Indian Council for Cultural Relations (ICCR)d)REC LimitedCorrect answer is option 'D'. Can you explain this answer?.
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