Am I Eligible for it ?
Any first time investor in the stock market with an income of up to or equal to Rs 12 lakh a year.
A new investor is defined as “a person who has not opened a demat account and has not made any transactions in stocks and derivatives.
” “An investor who opened a new Demat account before notification but has not traded” also comes under the definition of retail investor.
The notification was dated 23rd Nov 2012 by Ministry of Finance, Government of India.
