Sovereign Gold Bonds Scheme 2021-22, Open for Subscription
Investing in gold is now much more easy and convenient, you just don’t have to buy any Gold bar or ornament from jewelry shop while you can purchase Sovereign Gold Bonds Issued by Reserve Bank of India , where we can enjoy Capital appreciation and fixed rate of interest for every year of issue eliminating various risk that are associated with Physical Gold.
Sovereign Gold Bonds issued by RBI can be subscribed by general Public is association with any scheduled Commercial Bank , Investor will enjoy capital appreciation linked to actual prices of Gold in General Market and stable rate of Interest of 2.5% per annum payable at half-yearly rest of the amount Initially invested , further investor will get exemption for Capital Gain tax if hold the Bond till maturity but the interest on Such Bond accrued is taxable in the hands of the investor in the year of its accrual.
Bonds will be issued with the denomination of 1 gm of Gold and multiples thereof and maximum limit of Bond to be issued to an individual shall be 4 Kg and 20 Kg for trust & Prescribed entities , the Bonds will be issued with the tenor of 8 years and with option to exit the plan by 5th year onwards , the hasle-Free bonds can be subscribed through online with Internet Banking of their Respective bank .
Series-V of the Sovereign Gold Bond Scheme 2021-22 is open for subscription form August 09 to August 13, 2021 and such Bonds shall be issued to the investor by August 17, 2021 with Nominal value of Rs. 4,790 per gram i.e the simple average closing prices of Gold of 999 purity of last three business days of week preceding the subscription period , Futher the Reserve Bank of India has decided to Offer a Discount of Rs. 50 to the investor applying online or through Digital Mode and will be issued for the tenor of 8 years