IDBI MF RGESS

I recently opened an account in the IDBI bank and came to know about the IDBI Mutual Fund launches IDBI RGESS (Rajiv Gandhi Equity Savings Scheme-Series I). Will you provide basic details and highlights of IDBI MF RGESS scheme also provide bank registered address?

[Arvind Kumar]

IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry

About IDBI MF RGESS

IDBI Mutual Fund launches IDBI RGESS (Rajiv Gandhi Equity Savings Scheme-Series I)

Highlights:
• 3 year closed ended actively managed equity mutual fund scheme. Investments to be made exclusively in RGESS eligible securities.
• Scheme open to all investors.
• Income tax benefit under 80CCG of the IT Act available for investment of New Retail Investors as defined under RGESS.
• The IT benefit is in addition to benefit available u/s 80C.
• Units available at par Rs. 10 during the New Fund Offer.
• Minimum investment: Rs.5000 and in multiples of Re. 1 thereafter
• Plans offered: Regular Plan with Dividend & Growth option. Direct Plan with Dividend & Growth option
• Benchmark - BSE 100 Index.

Below I am providing you the process to get branch locater of IDBI Bank:

1 Visit official portal of the bank looks like:



2 In the right side panel click on branch ATM link.

3 You will get another page looks like:



4 Enter your details and submit.

5 You will get your details for searched branch.

Contact:

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

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