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If you are thinking of investing in gold, this is a good opportunity for you. State Bank of India (SBI), the country’s largest state-owned bank, has revealed to its customers the six major benefits of investing in Sovereign Gold Bonds.
Sovereign Gold Bond
New Delhi: Sovereign Gold Bond Scheme: The sixth series of Sovereign Gold Bond Scheme is starting from 30th August 2021. You can invest in it until September 3, 2021. The issue price for Sovereign Gold Bond (SGB) has been fixed at Rs 4,732 per gram.
So this is a good opportunity for you
If you are thinking of investing in gold, this is a good opportunity for you. State Bank of India (SBI), the country’s largest state-owned bank, has announced to its customers the six major benefits of investing in Sovereign Gold Bonds. When you buy a gold bond through SBI, you will get a discount of Rs 500 per 10 grams.
A discount of Rs 50 per gram to customers who make online or digital payments
The government is offering a rebate of Rs 50 to investors who apply online and make digital payments. Customers who make online or digital payments will get a discount of Rs 50 per gram. In that case, you can avail a discount of Rs 500 on 10 grams of gold.
The benefits of investing in gold bonds
SBI tweeted to inform its customers about the benefits of this Gold Bond scheme. SBI said in a tweet that it plans to invest in gold. Here are 6 profitable reasons to invest in Sovereign Gold Bond. SBI customers can invest in these bonds under the e-service at http://onlinesbi.com.
Planning to invest in Gold?
Here are 6 golden reasons to invest in Sovereign Gold Bonds.
SBI customers can invest in these bonds on https://t.co/YMhpMwjHKp under e-services.Know more: https://t.co/H4BpchASeA#Gold #GoldBond #SGBWithSBI #SovereignGoldBonds pic.twitter.com/ufld5egzep
— State Bank of India (@TheOfficialSBI) August 28, 2021
These will be the benefits
>> Assured Return Nature – Investors in Sovereign Gold Bonds will receive an interest rate of 2.5% per annum. This interest will be available on a semi-annual basis.
>> Exemption from Capital Gains Tax: No Capital Gains Tax will be levied on redemption.
>> Loan facility: Can be used as collateral for loan.
>> No storage problem: Storage is not a problem like safe, physical gold.
>> Liquidity: Can trade on the exchange.
>> Exemption from GST, Exemption from Making Charges: Not like Physical Gold, No GST and No Making Charges.
No one should just invest in a sovereign gold bond scheme, but look at its returns, the SBI said. Other savings should be considered when investing in a Government of India supported Gold Investment Scheme.
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