Monday, October 8, 2012

Open Demat Account for RG Equity Saving Scheme - Savings and Investment Schemes

Here is a latest Savings and Investment Plans India news on Demat Account for RG Equity Saving Scheme.

Rajiv Gandhi Equity Saving Scheme (RG Equity Saving Scheme) is a one of the best Investment plan for beginners. 

This RG Equity Saving Scheme is introduced to motivate the interested beginner investors into Indian Shares Stock Market.

Requirements to open Rajiv Gandhi Equity Saving Scheme Account.

  1. PAN Card
  2. Demat Account

Why PAN card is necessary for RGESS

PAN card (number) is necessary to open a demat account.

If you have a demat account already and have no any transactions in the account till now, you can eligible for RGESS.

If have any transactions in the demat account like investment for IPOs, selling and purchasing shares and stocks in the Indian market, you can also eligible for RGESS. 

But you will lose tax deductions for Rajiv Gandhi Equity Saving Scheme investment.

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