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Sovereign Gold Bond Scheme 2020-21 - Series 7

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Posted on : 12/Oct/2020 12:51:36 PM



 
 
 
We are glad to inform that Sovereign Gold Bond Scheme 2020-21 - Series 7 issue opens on 12th October 2020

The issue closes on 16th October 2020

The RBI has fixed the price of sovereign gold bonds at Rs.5051 per gram of gold.

Investors who want to apply online and make the payment against the application through digital mode get a discount of Rs.50 per gram

For such investors, the issue price will be Rs.5001 per gram of gold. 

The minimum permissible investment is 1 gram

Returns:
Appreciation/Depreciation of Gold + Interest of 2.5% on the issue price & which is payable of half yearly basis.

Safety:
Sovereign Guarantee on redemption of money (principal) as well as on the interest earned.

Elimination of risk and hassle-free holding as it eliminates cost of Storage as in physical gold.

Liquidity:
Tenure of 8 years with exit options in 5th, 6th & 7th year. Tradeable on stock exchanges from the date to be notified by RBI.
 
Taxation:
Exemption from Capital Gains Tax on redemption. No TDS Applicable on Interest paid.

Indexation Benefit:
Will be provided on Long Term Capital Gains arising to any person on transfer of bond.

Collateral:
Accepted as collateral ? Can be kept as collateral / security against Secured Loans.

To know more details  https://youtu.be/mHCsicSc3z4

If you would like to invest, kindly call us at  044-42023300

 
Gold Rate in Chennai