Sovereign Gold Bonds - Good way to invest in Gold - Issue Price - ​ ​Rs 4711/- per gram - Hurry ! Issue closes on Oct 29,2021

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Sovereign Gold Bonds - Good way to invest in Gold - Issue Open Today


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. 

 

Subscription Period

Issue Price per gram (₹)

Investment limit for Individuals

Interest per annum

Date of Issuance

Oct 25 -Oct 29,2021

 

 Rs 4711/- per gram #

(# Price for online investors  )


Minimum:1 gram

Maximum:4 Kg*

2.50%

Nov 02 ,2021

 

 

 

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

 


                                        Taxation - Sovereign Gold Bond vs Physical Gold  ||  Watch video for more details


Process to be  followed to apply online

 *      Step 1 : Fill the registration form https://bit.ly/2ZFJA4L

 *      Step 2 : Upload the cancelled cheque & signature

 *      Step 3 :After uploading , email the demat proof ( Client master /Holding Statement)  

*      Step 4 While sending email, Kindly mentioned pan no of investors& quantity to be purchased

 (This process is only valid for Individuals) 



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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