Sovereign Gold Bonds Scheme
- SGBs are Government securities denominated in grams of gold (1 unit = 1 gram)
- Issued by the Reserve Bank of India on behalf of the Government of India
- Issue price of the bond has been fixed at ` 3150/-
- Investors will earn returns linked to gold price
- Additionally fixed interest of 2.75% p.a. payable semi-annually on the amount of initial investment
- Bonds will carry sovereign guarantee both on redemption amount and on the interest
- Minimum investment: 1 gram • Maximum investment: 500 grams
- Available in DEMAT & Paper form
- Tradable on National Stock Exchange of India Limited (NSE)
- Tenure: 8 years with an exit option from 5th year onwards
- Issuance through trading members of NSE
ADVANTAGES OF INVESTING IN SOVEREIGN GOLD BONDS (SGB)
Safest : Zero risk of handling physical gold
Earn Interest: 2.75% assured interest per annum on the initial investment
Tax Benefits: No TDS applicable on interest Indexation benefit if bond is transferred
before maturity
Capital gain tax exempt on redemption
Assurance of Purity: RBI will announce the price before the issue date which will be fixed on the previous weeks simple average of closing price of gold of 999 purity
(24 Carat) published by IBJA
How to apply for this issue: Its simple, check below the options
Option 2: Call our support desk @ 04428214171 and place an order
Option 3: Email support@tradeplusonline.com your Order
Option 4: Contact your Relationship Manager if you are mapped to a RM
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