Can Government Employee Invest in Share Market

Can Government Employee Invest in Share Market

This blog is intended to provide information regarding whether government employees can invest in the share market. You might scout around for the answers to your questions. We let you clear all your queries over here. Most people doubt themselves whether to invest in stocks or not. There is a possibility to invest in stocks. We will let you know the legal ways to earn additional income. Apart from your basic pay salary. 

Can Government Employee invest in share market :

We usually hear these questions frequently. Like just can government officials invest in the stock market. Most people put themselves in a dilemma regarding this aspect. The service conduct rules 1964 comes into action in these criteria. It strictly determines the behavior of central government officials. It particularly includes the central civil servants under this act. So, it doesn't mean that it restricts every government employee from investing in stocks. They are allowed to invest in stocks and mutual funds to some extent. Except for the superior officials in government departments. They have particular departmental restrictions. And it completely depends on that department's allotment. For that purpose, one must take permission from the government or superior bodies. One must provide information about the earned income through stocks to the government. It's better to check the departmental norms. And who does not come under the finance departments of government. Because they are imposed with no restrictions over investing in stocks. 

Can government employees do intraday trading :

Intraday trading is quite different from investing in stocks. Government employees are not allowed to do anything speculative in nature. Intraday trading is one such aspect that is considered speculation. Because it is more likely to be a business activity. Whereas one must not indulge in trade while he/ she is in their service period. Only with a positive view of how an individual can be involved while discharging their official duties. This reason could be the only restriction by the government. These restrictions will be liberalized only after retirement. This means the retirees will attain freedom from government policies. Every employee must conform that he’s levied with no restrictions for investing in stocks. Should be aware of their respective departmental policies too. 

What can be a legal way to invest in share market :

Government employees need to cross-check before investing in stocks. It doesn't count any investment made through registered brokers in periodical ways. It won't be a concern to the government like maintaining the objective of additional income. But no one is allowed to have information from any investing companies. There are certain groups like A, B, C, and D. Executive and official gazette officers come under group A. Only gazette officers are considered under group B. Group C consists of senior staff officials. Lastly, clerical staff will come under group D. The one who belongs to groups A and B can invest up to Rs.50000/-. One must report to their respective department in case it exceeds the limit in a given time period. For the people under groups, C and D can make investments up to Rs.25000/-. They also need to report within the time period if it exceeds. There will be a specific format for every department. One must follow that format and departmental norms to inform about the income. Mentioning all the particulars about the earned income specifically. One must inform, for example, more than 6 months of basic pay investment. This can be provided through pay slips.

Can a government employee family members invest in share market :

The answer to this question is yes. The family members of a government employee can invest in the stock market. There are no restrictions imposed by the government over this aspect. They are only restricted from doing business activities. Even though one can obtain permission for trade from their respective departments. Here, family members refer to the one who is blood-related to the government employee. They can be privileged over the income from stocks. They are allowed to earn and maintain investments in stocks. 

Eligibility to invest in share market :

There are some restrictions over investing in the share market. But not to a large extent. But some aspects need to be considered. To attain the eligibility or no restrictions to make investments. As mentioned below. 

One can make investments and several additional incomes before joining the government services.

The one who got retired from service can make investments in the share market.

The officers under group A services can make investments up to 50000/-. And with intimation further.

The officers under group B services can make investments up to 25000/-. And with intimation further.

Conclusion :

This blog intends to clear all the doubts regarding whether government employees can invest in the share market. Hope you guys find this article useful. Drop your queries down below. We will update you soon. Follow our blog posts for more informative content on government employees and their policies.



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