Sovereign Gold Bond
Issued by Government of India
Earn Gold's Market Returns + 2.5% every year assured interest
Fully exempt capital gains tax arising on redemption
Physical Gold vs. Sovereign Gold Bond
Rs. 3,835/- per gram of gold.
No making charges/ management fees.
Persons resident in India. Individuals, HUFs, trusts, universities and charitable institutions
A fixed Interest rate of 2.5% every year (receivable semi-annually) will be received on the amount of initial investment.
The simple average of gold of 999 purity of previous 3 business days from date of repayment published by the India Bullion and Jewelers Association Limited
Date of Issue
Subscription open only from October 21-25, 2019
Bonds are issued by RBI on behalf of the Government of India. Nivesh Mitr is an authorized distributor.
8 years. Though premature redemption is permitted after 5 years.
Minimum & Maximum Limit for Investment
Minimum - 1 gram of gold and multiples thereafter. Maximum -
4kg of gold for individuals
4kg of gold for HUF
20kg for trusts & similar entities
Capital gain arising on redemption of bonds is completely tax-free.
Interest received is taxable as per personal tax slab rates.