SGB: Know the benefits and investment method of Sovereign Gold Bonds..
Sovereign Gold Bond: There is good news for those who want to invest in gold. The government is once again allowing you to buy cheap gold. You can invest in gold under the Sovereign Gold Bond Scheme from 12th February to 16th February. Let us tell you that Sovereign Gold Bonds cannot be purchased always, for this a date is fixed from time to time. Earlier, there was a chance to buy it on 22nd December. Now once again the government is going to allow investors to invest in it.
Know what is SGB
A Sovereign Gold Bond is a government bond. It is issued by RBI. SGB can be converted into demat. This bond is of 1 gram of gold, that is, the price of 1 gram of gold will be the price of the bond. Through Sovereign Gold Bond, you can invest in 99.9% pure gold of 24 carats. On applying online and making digital payments, a discount of Rs 50 per gram is available. Any person can invest at least 1 gram and a maximum of 4 kg of gold in a financial year.
Where to buy
- Can buy online and offline from banks
- You can also buy it from the post office.
- Can be purchased through a stock holding corporation.
- There is an option to buy from BSE and NSE platforms also.
What are the benefits of investing in SGB?
On this, you get 2.4 percent interest annually, which is paid every six months.
As the price of gold increases in the market, the value of your investment also increases.
Being demat, there is no worry about security.
Does not come under the purview of GST, 3% GST is levied on physical gold.
A loan option is also available through bonds.
There is no problem with purity, since it is paper you do not have to worry about its purity.
You do not have to pay any tax on gold after maturity.
There is an opportunity to invest both offline and online.
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