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

Key Features

Subscription Period & Issue Price

March 02 to March 06, 2020

Rs. 4,210/- per gram.

Expenses

No making charges/ management fees.

Eligibility

Persons resident in India. Individuals, HUFs, trusts, universities and charitable institutions

Interest

A fixed Interest rate of 2.5% every year (receivable semi-annually) will be received on the amount of initial investment.

Redemption Value

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 

Safety

Bonds are issued by RBI on behalf of the Government of India. Nivesh Mitr is an authorized distributor.

Holding period

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

Taxation 

  • Capital gain arising on redemption of bonds is completely tax-free.

  • Interest received is taxable as per personal tax slab rates.

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