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
Short Form SGBs
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
Official Website https://m.rbi.org.in/Scripts/BS_SwarnaBharat.aspx

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.

EXTERNAL LINKS

• Gold rate

https://www.goodreturns.in/gold-rates/

Ananya Shukla

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