Sovereign Gold Bond Scheme - Invest in SGB Online

Name: Add a touch of gold 🌟 to your portfolio with the Sovereign Gold Bonds Scheme
Uploaded: 06-03-2023
Description: ✅ Freedom from the hassle of storing physical gold ✅ No Capital Gains Tax on maturity ✅ Use as collateral for loans & tradable on exchange

The Sovereign Gold Bond scheme, issued by the RBI on behalf of Government of India allows you to enjoy the benefits of investing in physical gold along with additional assured interests.

Here’s why you should invest

Freedom from hassle of storing physical gold
Earn additional 2.50% (Fixed Rate) interest p.a. on the amount of initial investment
Can be used as collateral for Loans & Tradable on exchange
Exempt from Capital Gains Tax on redemption

Key features:

Minimum investment in the Bonds shall be one gram with a maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time
The tenor of the Bond will be for a period of 8 years, with exit option after 5th year to be exercised on the interest payment dates.
Existing customer can apply for Sovereign Gold Bonds through ASBA, using Mobile Banking, Net banking click here*, or by visiting any nearest branches of Kotak Mahindra Bank or call our Customer Contact Center on 1800-266-6666.

✅ Freedom from the hassle of storing physical gold

✅ No Capital Gains Tax on maturity

✅ Use as collateral for loans & tradable on exchange

Frequently Asked Questions

What is Sovereign Gold Bond (SGB)? Who is the issuer?

SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.