The Sovereign Gold Bond Scheme was launched by the government in 2015. These bonds can be bought through Stock Holding Corporation of India Limited, designated post offices and recognized stock exchanges like NSE and BSE. The best thing about Sovereign Gold Bond is that it is not subject to GST.
The tenure of Sovereign Gold Bond is eight years. There is also an option to withdraw investment from the bond after five years on the next interest payment date. In Sovereign Gold Bond, the investor has to invest at least one gram of gold. Any individual and Hindu undivided family can buy gold bonds up to a maximum value of four kilos.
This was the price of the 10th installment of Sovereign Gold Bond – The Sovereign Gold Bond was issued in 10 tranches in the financial year 2021-22. In which the time to buy the last installment was from 28 February to 4 March 2022. In which the price of one gram of gold bond was kept at Rs 5,109.
Advantages of Sovereign Gold Bond
, In Sovereign Gold Bonds, you get an interest of 2.5% per annum.
, Investors also get the facility to buy bonds of minimum 1 gram.
, People can also avail the facility of availing loan against Gold Bond.
, Individuals investing in this will not have to pay long term capital gains tax.
, TDS is also not deducted on investment in gold bonds.
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How to buy bonds First of all it has to be kept in mind that it is mandatory for you to have a PAN card to buy Sovereign Gold Bond. Gold bonds can be bought from banks, Stock Holding Corporation of India Limited, some post offices, NSE and BSE. One can buy a maximum of 400 grams of gold bonds in a year and it is necessary to buy at least 1 gram of bonds.