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Govt.Saving Scheme
Sovereign Gold Bond Scheme
 
Features
sovereign

Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in any of our branches or through Internet Banking. The bonds will be redeemed to the customer’s account on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Key Features

  • The bond bears an interest at the rate of 2.50% (fixed rate) per annum on the nominal value.
  • Interest will be credited semi-annually to the investor's account and the last interest will be payable on maturity along with the principal
  • Investors will earn returns linked to gold prices
  • Bond carry sovereign guarantee both on redemption amount and on the interest
  • Minimum investment: 1 gram. Maximum investment: 500 grams
  • Available in DEMAT and paper form

Advantages

  • Safest: Zero risk of handling physical gold
  • Earn Interest: 2.50% assured interest per annum on the issue price
  • Assurance of Purity: RBI will announce the price before the issue date which will be fixed on the previous week's simple average of closing price of gold of 999 purity (24 carat) published by IBJA less Rupees 50 per gram
  • Sovereign Guarantee: Both on redemption amount and on the interest
  • Easy Exit Option: The tenor of the bond is for 8 years with an option to redeem from 5th year onwards on the date on which interest is payable
  • Traded on Exchange: All earlier issuance of SGB are available for trading on NSE & BSE exchanges.
  • Ease of Borrowing Loan: Can be used as collateral for loans

For more information please visit the link https://rbi.org.in/Scripts/ BS_SwarnaBharat.aspx

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