Home - Investment - Mutual Fund - What is the Maximum Investment Amount Under RGESS ?

What is the Maximum Investment Amount Under RGESS ?

There is no maximum prescribed limit for your investments in securities market. However, RGESS benefits will be available only for investments in eligible securities upto Rs. 50,000.

This investment can be made in installments. However, the benefits can be availed only for the investments made in the first financial year in which the benefit is claimed under Section 80CCG.

Hence, if you are making investments in installments, make sure that you are making all your installments in a single financial year (which should be the year in which you open / designate your account for RGESS) as subsequent investments will not be counted towards RGESS.

For the latest Banking updates, follow AskBankings on Twitter, Facebook, and subscribe to our YouTube channel

Get Daily Updates On Banking, Enter your email address:

Leave a Reply

Be the First to Comment!

Notify of

Check Also

How much should I invest in debt or equity Mutual Fund schemes?

This is purely depends on the income level and earning of individual. There are many ...