Membership for the Sovereign Gold Bonds 2020-21 will be out there up coming for 5 times in August
Sovereign Gold Bonds: Membership to gold bonds underneath the fourth tranche of the governing administration-run Sovereign Gold Bond programme ends these days. These days is the final day to obtain Sovereign Gold Bonds in the current collection, membership for which started out on July 6 for a interval of five times. Just after these days, the subscription window for the Sovereign Gold Bonds 2020-21 will open up following for five times every single in August and September. Gold bonds will be issued to individuals applying in the existing series on Tuesday, July 14. The Sovereign Gold Bond programme – wherein the Reserve Bank of India troubles bonds linked to the industry value of gold on behalf of federal government – permits traders to park their money in non-physical gold and even get paid fascination, subject matter to expense limitations.
This is all you require to know about the Sovereign Gold Bond (SGB) programme, membership for which under a fourth tranche ends today (July 10):
Crucial Dates
Following Collection IV, the Sovereign Gold Bonds will be obtainable for a total 10 days on the next dates:
|
Sequence |
Subscription Window |
Issuance Date |
|---|---|---|
|
Fifth (2020-21) |
From August 3 to August 7 |
August 11 |
|
Sixth |
From August 31 to September 4 |
September 8 |
(The 1st sequence of Sovereign Gold Bonds 2020-21 opened for subscription for 5 days in April)
Difficulty/Redemption Price
The gold bonds can be subscribed at an situation cost of Rs 4,852 for each gram in the fourth tranche.
Price cut
A price cut of Rs 50 per gram is available for on the web purchasers (issue price tag Rs 4,802 for each gram), aimed at endorsing electronic payments. Financial investment in gold bonds fetches interest at a amount of 2.50 for each cent for every annum, which is payable semi-yearly.
Tax
The fascination is taxable, but particular person traders are exempt from paying taxes on the capital gains arising out of redemption.
(Also Read through: Should really You Spend In Sovereign Gold Bonds? | The place To Purchase Sovereign Gold Bonds)
(Money parked in Sovereign Gold Bonds are locked in for 8 decades, with an exit alternative available right after the very first 5 yrs)
Where To Acquire
Gold bonds can be acquired from the selected branches of banks and submit workplaces, via inventory exchanges BSE and NSE, and the Inventory Keeping Company.
