Indian crypto exchange Bitbns announces zero TDS on crypto SIP investments
Investors look forward to avail of an efficient wealth creation model on their crypto SIPs via Bitdroplet
By Shashank Bhardwaj
Bitbns has announced zero TDS on its SIP crypto investments. This move is an industry first for crypto investors in India. According to the company, the initiative aims to reduce taxation while encouraging investors to open crypto SIPs to take advantage of the benefits of rupee cost averaging to combat volatility.
"Investors availing of SIP for a minimum period of 12 months can now invest seamlessly without worrying about paying TDS. While there is no minimum tenure for redemption, Bitbns will bear the TDS for SIP investments redeemed after 12 months," Bitbns said in a press statement.
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