Sovereign Gold Bonds - Series VIII - Good way to invest in Gold - Issue Open on Jan 2019
Sovereign Gold Bond (SGB) | ||||||||||
Investing in gold is much more easy and convenient now. With the Government of India's Sovereign Gold Bonds Scheme you can earn an assured interest rate eliminating risk and cost of storage.
Maximum limit for Hindu Undivided Family(HUF): 4 Kg. Trusts and similar entities : 20 Kg. Above limits are subject to change as per notification from Government through RBI
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Sovereign Gold Bond Features | ||||||||||
Eligibility:
The bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable institutions.
Denomination:
The bonds will be denominated in units of one gram of gold and multiples thereof.
Minimum size:
Minimum permissible investment will be 1 gram of gold.
Maximum limit:
Maximum limit of subscription shall be of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time
Interest rate:
The investors will be paid Interest on the amount of initial investment at the rate notified by RBI for a particular tranche at the time of its launch and is payable semi-annually.
Tenor:
The tenor of the bond will be for a period of 8 years with an exit option from 5th year onwards to be exercised on the interest payment dates.
Redemption:
Redemption price shall be fixed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.
*May change from issue to issue
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