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

Issue Price

Rs. 3,835/- per gram of gold.

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 

Date of Issue

Subscription open only from October 21-25, 2019

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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