With just 4 days left, seize the opportunity to invest in gold conveniently from the comfort of your home through the Sovereign Gold Bond Scheme.
This scheme, initiated by the Government of India, not only allows investors to benefit from the potential rise in gold prices but also offers attractive interest rates.
Here’s everything you need to know about this limited-time opportunity.
Sovereign Gold Bond Scheme 2023-24:
The Government has launched the Sovereign Gold Bond Scheme 2023-24, offering investors the chance to invest in gold until February 16, 2024.
The issue price for this series is set at Rs 6,263 per gram, with an additional Rs 50 discount available for online payments, bringing the effective issue price down to Rs 6,213 per gram.
How to Invest:
Investing in the Sovereign Gold Bond Scheme is simple and hassle-free, especially for SBI account holders:
- Login to your SBI online banking account.
- Navigate to the ‘eServices’ tab and select ‘Sovereign Gold Bond’.
- Review and accept the terms and conditions before proceeding.
- Complete the one-time registration process as per instructions provided.
- Fill out the purchase form with the desired quantity of gold and nominee details.
- Submit the form and confirm your investment.
Interest and Benefits:
Investors in the Sovereign Gold Bond Scheme enjoy numerous benefits:
The scheme has a maturity period of 8 years, with an option to exit in the 5th year.
Investors receive a fixed interest rate of 2.50% per annum, payable semi-annually.
SGB can be utilized as collateral for loans, adding to its versatility.
However, it’s essential to note that interest earned on SGB is taxable under the Income Tax Act 1961.
Act Now:
Don’t miss out on this opportunity to invest in gold with the Sovereign Gold Bond Scheme. With just a few days remaining, act swiftly to secure your investment and capitalize on the benefits offered by this government-backed initiative.
