Sovereign Gold Bonds

Feb 12, 2024 to Feb 16, 2024Rate For Online 6,213Rate for Offline 6,263

Sovereign Gold Bonds :
Invest now, enjoy in future

The government of India brings to you the Sovereign gold bonds (SGB) that you can buy at the issue price and redeem after 8 years. The bonds are a safe and secure way of investing for future needs. You not only save on heavy making charges by the jewellers but also earn interest annually and receive appreciated value of gold at redemption.

Features of the SGB

Indian citizens including HUFs, trusts, charitable organisations and universities are eligible to buy SGB.

Invest in SGB and save Rs 50, an additional saving.

The minimum investment should be 1gram of gold.

The gold is dominated in units of 1gram of gold and so on.

4kgs is the maximum an individual and HUFs can invest in SGB and 20 kg is a maximum limit for trusts and similar organisations.

The tenure of SGB is 8 years, however, after the 5th year, you can redeem it on interest payment dates.

The interest rate on the investment will be paid as notified by the RBI and is paid semi-annually.

The redemption price will be calculated based on the average of the last 3 business days of the closing gold rate of 999 purity.

Advantages of SGB

It's easy to possess. Holding gold bonds in a Demat account is easy and safe.

The capital gain tax has been exempted on redemption of SGB. This is the biggest advantage of gold bonds that wins the game against investing in shares.

You can trade your gold bonds on stock exchanges within a fortnight of the issuance date, as per RBI.

Your gold bond can be used as collateral for loans. This feature out beats the shares.

SGB are easily transferrable by executing the instrument of transfer as per the guidelines of the Government securities act.

Disclaimer The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

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Important Message The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

Attention Investors
  • 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  • 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • 3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
  • 4. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.
  • 5.Investments in securities market are subject to market risks, read all the related documents carefully before investing.
  • 6.The securities are quoted as an example and not as a recommendation.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries forrefund as the money remains in investors account.
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDLon thesame day.....issued in the interest of investors.
KYC is a one-time exercise while dealing in securities markets-once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | (As instructed by SEBI, We hereby declare that we do engage in proprietary trading in all segment across the exchange.)
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