New Delhi:
The upcoming series of the Sovereign Gold Bond Scheme 2023-24 is set to kick off on February 12, 2024, providing investors with an opportunity to acquire gold at a rate lower than the market price.
The scheme, which is backed by the Government of India, guarantees the security of investments.
Here’s a closer look at the details and benefits of this government-run initiative.
Gold Investment Made Accessible
Investors can purchase gold through bonds under the Sovereign Gold Bond Scheme, offering a unique opportunity to invest in the precious metal at a rate lower than the prevailing market prices.
The government assures the safety and security of these investments.
Key Dates
The Sovereign Gold Bond Scheme 2023-24 series will commence on February 12, 2024, and conclude on February 16,
providing a limited window for investors to capitalize on this favorable opportunity.
Investment Guidelines and Limits
According to Reserve Bank of India guidelines, investors must buy a minimum of one gram of gold when participating in the Sovereign Gold Bond Scheme.
The maximum investment limits are set at 4 kg for individuals, 4 kg for Hindu Undivided Families (HUFs), and 20 kg for trusts.
Interest and Maturity Details
The Sovereign Gold Bond Scheme has a total maturity period of 8 years, with an option for investors to exit in the 5th year.
Participants in the scheme receive an attractive interest rate of 2.50 percent. Launched in 2015, this scheme allows purchase through various channels, including banks and online platforms.
Discounts and Online Benefits
Investors who opt for online payments enjoy a discount of Rs 50 per 10 grams,
enhancing the attractiveness of the Sovereign Gold Bond Scheme.
Where to Purchase: Multiple Platforms Available
Interested individuals can purchase the Sovereign Gold Bond Scheme from various platforms, including banks, Stock Holding Corporation of India Limited (SHCIL),
Clearing Corporation of India Limited (CCIL), National Stock Exchange of India Limited, and Bombay Stock Exchange Limited. Explore the diverse avenues to secure your gold investment.
