Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold. With these bonds, you can enjoy capital appreciation and also earn interest every year. These bonds, issued by the Government of India, also eliminate several risks associated with physical gold.
OVERVIEW OF SOVEREIGN GOLD BOND SCHEME
|Name||Sovereign Gold Bond Scheme|
|Launched by||Reserve Bank of India and PM Narendra Modi|
|Launched in||November 2015|
|Tenor||8 year with an exit option from 5th year onwards|
|Launched under||Gold Monetisation Scheme|
|Ministry||Ministry of Finance|
OBJECTIVE AND BENEFITS OF SOVEREIGN GOLD BOND SCHEME
The Sovereign Gold Bond Scheme will provide flexible gold denomination in terms of purchasing gold. These gold bonds are available in multiple weight denominations starting from 1 gram.The gold bonds can be availed either in paper or in demat form as per the convenience of an individual.
HOW TO APPLY FOR SOVEREIGN GOLD BOND SCHEME
A customer can apply online through the website of the listed scheduled commercial banks.
• Gold rate