Income Proof Now Mandatory for Rs 10 Lakh Investments in Small Savings Schemes
Relatively high interest rates and minimal credit risk have made small savings schemes increasingly appealing to investors. However, in an effort to prevent money laundering and terrorist financing activities, the Indian government has implemented new regulations requiring individuals investing Rs 10 lakh or more in these schemes to provide income proof. This article explores the …
Continue reading “Income Proof Now Mandatory for Rs 10 Lakh Investments in Small Savings Schemes”