SGBs or Sovereign Gold Bonds are cost-effective and perfect alternatives to investing in physical gold. The government issues these with a maturity period of 8 years and investors can encash after five years. The value of the bonds depends on the current market price of gold.
Sovereign Gold Bonds are impressive investments with great returns!
Investors get 2.5% per annum with the Sovereign Gold Bond scheme, which is distributed half-yearly.
These come with a holding period of 8 years and are suitable for those who are looking for long-term investment with attractive returns.
These Sovereign Gold Bonds can prematurely withdraw from the 5th year and investors can sell their respective securities in the secondary market.
To buy Sovereign Gold Bonds (SGBs) online, visit a trusted financial platform or bank's website, complete KYC, and invest.
Individuals can follow the following steps to purchase Gold bonds.
There are various reasons to invest in SGBs, including 2.5% annual interest every 6 months, 100% secure and free gold storage, no tax on maturity, and more!
RBI issues these Sovereign gold bonds, which individuals can buy without taking the stress of physical assets.
SGBs process happens in Demat form, which makes it easier for investors to deal with buy, sell, and hold.
Investing in SGBs is a great opportunity for investors, which offers an additional income on the initial amount.
Sovereign Gold Bonds are associated with the price of gold, and investors can make a profit during the hike in the investment period.
No capital gain tax is applied if the investor holds the SGBs until maturity.
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