The RGESS scheme was proposed in the Union Budget 2012-13, to encourage flow of savings in the financial instruments and improve the depth of domestic capital market.
The Scheme is open for all New Retail Investors who have gross total income less than or equal to Rs. 10 lakh. A new retail investor is one:
The individual can invest in any of these eligible securities :
As per SEBI guidelines deduction claimed shall be withdrawn if the lock–in period requirements of the investments are no complied with or any other condition of the scheme is violated.
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