Sovereign Gold Bond Scheme Unbolts for Subscription till Mar 4

The Sovereign Gold Bond (SGB) Scheme 2021-22-Series X has started for subscription from February 28 till March 4. For this scheme, the Reserve Bank of India (RBI) has fixed the prices at Rs 5,109 per gram of gold. However, a discount of Rs 50 per gram is also available to the investors who wants to apply online and make digital payments. If your are also planning to invest in Sovereign Gold Bond Scheme go through the following information about this scheme. 

The Investment 

The minimum investment should be one gram of gold, while the maximum is 4 kg for individuals, 4 kg for Hindu Undivided Families, and 20 kg for trusts and similar entities per fiscal year. 

Maturity Time 

With a maturity period of eight years Gold bonds have an exit option after fifth year. To exit before 5 years these bonds can be sold on stock exchanges. The redemption price is decided on the basis of prevailing price of gold. 

How to Store Safely? 

Storing physical gold as an investment is a risky deal. however, when it comes to investing in SGBs there is no such issue.

GST charges and Making charges 

There is no goods and services tax (GST) levied on SGBs. While buying digital gold, we need to pay 3 per cent of GST which is similar to buying physical gold. There are no making charges on SGBs. 

No Tax levied on redemption 

The government has launched the scheme of Sovereign Gold Bond Scheme in November 2015, under Gold Monetization Scheme.