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Why should you invest money in Sovereign Gold Bonds, SBI has given 6 big benefits, there is a chance till December 3

Sovereign Gold Bond: Customers applying online and making digital payments will get a discount of Rs 50 per gram. You can invest in this till December 3.

There is a chance to buy cheap gold till December 3

Sovereign Gold Bond Scheme 2021-22 The eighth series has opened for subscription from 29 November. The Reserve Bank of India (RBI) has fixed the issue price for the latest installment of SGB at Rs 4,791 per gram. RBI, in consultation with the government, will give a discount of Rs 50 per gram to investors who apply online and pay digitally. According to RBI, the issue price for such investors will be Rs 4,741 per gram of gold.

To increase the interest of those investing in gold in the Gold Investment Scheme backed by the Government of India, State Bank of India (SBI) has listed six golden benefits that are enough for an investor to invest in this scheme.

SBI has tweeted to inform its customers about the benefits of this gold bond scheme. SBI said in the tweet, planning to invest in gold? Here are 6 golden reasons to invest in Sovereign Gold Bonds. SBI customers can invest in these bonds under e-service at http://onlinesbi.com.

Scheme was launched in 2015

The Sovereign Gold Bond Scheme was launched in November 2015. The objective was to reduce the demand for physical gold and to channelize the portion of household savings used to buy gold into financial savings.

Six big advantages of investing in SGB-

>> Assured Return- Investors of Sovereign Gold Bond will get interest at the rate of 2.5% per annum every year. This interest will be available on half yearly basis.

>> Exemption from Capital Gains Tax: No capital gains tax will be levied on redemption.

>> Loan Facility: Can be used as collateral for loan.

>> No Storage Problem: Safe, no storage problem like physical gold.

>> Liquidity: Can trade on exchanges.

>> Exemption from GST, Making Charges: Unlike physical gold, there is no GST and making charges.

Rs.50 per gram discount on online purchase

The government, in consultation with the RBI, has allowed a discount of Rs 50 per gram in the issue price to investors who apply online and make payments through digital means. The maximum amount an individual can pay while buying these bonds is up to Rs 20,000 for cash payment. One can choose to pay by demand draft or check or electronic banking.

The tenure of gold bonds will be of eight years. With this, exit option will be available after the fifth year, which can be exercised on the next interest payment date.

Also read- This share of less than 9 rupees made crorepati, increased money up to 100 times


Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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