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of <h1>Retail Investors Can Invest in Rajiv Gandhi Equity Savings Scheme Over 3 Years with 50,000 Tax Deduction Annually</h1> A new retail investor under the Rajiv Gandhi Equity Savings Scheme, 2013, can invest over three consecutive financial years starting with the initial year. Investments can be made in eligible securities, with a maximum deduction of fifty thousand rupees per year. Eligible securities must remain in a demat account under a three-year lock-in, with specific provisions for declarations in Form B. Deductions are limited to investments without Form B declarations and cannot be claimed for the same investment in multiple years. A grace period of seven trading days is allowed, and non-compliance with lock-in or other conditions results in deduction withdrawal.
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