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HomeNationalBig news for those investing in the government's gold bond scheme, RBI...

Big news for those investing in the government’s gold bond scheme, RBI gave this facility to the customers for the first time

If you have invested money in Sarkari Gold Bond Scheme, then this news is of great help to you. RBI has issued a big update regarding this. let’s find out

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Reserve Bank of India has made a big announcement for those investing in Sovereign Gold Bonds. If the investors who have invested money in it have any complaint, then they can easily register it. The process has been improved to address the grievances of the concerned investors. Let us tell you that the Sovereign Gold Bond Scheme was started in November 2015. Its purpose is to reduce the physical demand for gold.

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 RBI eases rules- The Reserve Bank said that the nodal officer of the Receipt Office (RO) will be the first point of contact to make the process of consumer complaints more efficient.  Here Receipt Office means Banks, Stock Holding Corporation of India Ltd.  (SCHIL), designated post office and recognized stock exchanges (NSE and BSE).

RBI eases rules- The Reserve Bank said that the nodal officer of the Receipt Office (RO) will be the first point of contact to make the process of consumer complaints more efficient. Here Receipt Office means Banks, Stock Holding Corporation of India Ltd. (SCHIL), designated post office and recognized stock exchanges (NSE and BSE).

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The Reserve Bank said that if the issue is not resolved, the consumer complaint will be settled through the extension framework in the RO.  The central bank said that if no response is received from the RO within one month of the filing of the complaint or the investor is not satisfied with the response of the RO, the investor can complain to the Reserve Bank at sgb@rbi.org.in.  Investment in Sovereign Gold Bonds is allowed for a minimum of one gram of gold in every financial year.  At the same time, investment is allowed up to a maximum of four kilograms for individual individuals, four kilograms for HUF, 20 kilograms for trusts.

The Reserve Bank said that if the issue is not resolved, the consumer complaint will be settled through the extension framework in the RO. The central bank said that if no response is received from the RO within one month of the filing of the complaint or the investor is not satisfied with the response of the RO, the investor can complain to the Reserve Bank at [email protected] Investment in Sovereign Gold Bonds is allowed for a minimum of one gram of gold in every financial year. At the same time, investment is allowed up to a maximum of four kilograms for individual individuals, four kilograms for HUF, 20 kilograms for trusts.

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Where to Buy Cheap gold will be sold through banks (except small finance banks and payments banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges like National Stock Exchange of India Limited, BSE.

Where to Buy Cheap gold will be sold through banks (except small finance banks and payments banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges like National Stock Exchange of India Limited, BSE.

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Interest will be available at 2.5 percent annually - The most attractive feature of gold bonds is that the government pays 2.5 percent interest annually on it.  Apart from the rise in gold prices, this interest also gets added.  SGB ​​is invested for eight years.  (sasta sona kaha milta hai) Let us tell you that the maturity of Sovereign Gold Bond (SGB) is 8 years.  (From where we can buy cheap gold) But can exit the bond after 5 years on the next interest payment date but SGB cannot be sold between these 5 years.  At the same time, SGB can be sold after the completion of the lock-in period of 5 years.  The second biggest advantage is that the gold bond is tax free on maturity.

Interest will be available at 2.5 percent per annum – The most attractive feature of gold bonds is that the government pays 2.5 percent interest annually on it. Apart from the rise in gold prices, this interest also gets added. SGB ​​is invested for eight years. (sasta sona kaha milta hai) Let us tell you that the maturity of Sovereign Gold Bond (SGB) is 8 years. (From where we can buy cheap gold) But can exit the bond after 5 years on the next interest payment date but SGB cannot be sold between these 5 years. At the same time, SGB can be sold after the completion of the lock-in period of 5 years. The second biggest advantage is that the gold bond is tax free on maturity.

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Is there any making charge on SGB?  Please tell that no making charge is charged on Sovereign Gold Bond.  Because there is no concern about its accuracy.  Whereas, to buy gold for jewellery, investors have to pay making charges, which they worry about gold.  To remove the fear of losing, these bonds are kept in the book or demat mode of the Reserve Bank of India (RBI).

Is there any making charge on SGB? Please tell that no making charge is charged on Sovereign Gold Bond. Because there is no concern about its accuracy. Whereas, to buy gold for jewellery, investors have to pay making charges, which they worry about gold. To remove the fear of losing, these bonds are kept in the book or demat mode of the Reserve Bank of India (RBI).

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