Ask Your Banking Queries, Loan & Finance

Can I Split RGESS Investment in Different Financial Year ?

No. Only the investment during the first financial year can be booked as investment under RGESS to claim deduction.

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Can I Take Tax Benefit on RGESS Every Year ?

The Scheme, as such, is designed for only the first time new investors. Since they can be ?ew?only in the first year of entering the...

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How much tax deduction will I be eligible for under RGESS?

You will be eligible to get tax deduction u/s 80CCG on 50% of the amount invested. Let us say, you invest Rs.50,000 under RGESS, the...

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How Can I Avail Tax Benefit Under RGESS ?

The tax deduction for RGESS is u/s 80CCG and it is over and above the Rs. 1 lakh limit specified under Section 80C. Further, it...

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Can I invest more than Rs.50,000 and claim tax benefit under RGESS?

One may invest any amount in a demat account designated under RGESS, but the benefit under the Scheme can be claimed only on investment up...

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How To Invest in RGESS ?

Open a new demat account with any DP and designate it under RGESS or designate your existing demat account under RGESS through Form A. If...

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How To Add Nominee To Mutual Fund Scheme ?

The nomination can be made by individuals applying for / holding units on their own behalf singly or jointly. Non-individuals including society, trust, body corporate,...

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What is Gilt Fund ?

Funds which are invested exclusively in government securities and bond. Investor of Gilt funds have had no default risk as it is invested in Government...

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