Sovereign Gold Bond Scheme (SGB) Subscription Date, Price All Updates

The Central government is once again giving chance to invest in Sovereign Gold Bonds Scheme 2021. Sovereign Gold Bond Scheme Subscription started from 29 November 2021 and will last on 3 December 2021. Under this Scheme there people have an opportunity to invest in gold. Here on this page we have provided more details such as Sovereign Gold Bond (SGB) Issue Price, Per Gram Gold Price, Interest Rates, Tax information below.

Sovereign Gold Bond Scheme Subscription, Price 2021- 22

This time the government has fixed the price of Sovereign Gold Bond at Rs 4,791 per gram. For applying online and making digital payment, you will get a discount of Rs 50 per gram. That is, you have to pay Rs 47,410 for 10 grams of gold.  People can invest in Sovereign Gold Bonds by Offline, Online and digitally. As per the information the bonds is available in banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Sovereign Gold Bond Scheme 2021-22 Opens

Scheme Name Sovereign Gold Bond Scheme
Year 2021-22
Authority RBI India
Per Gram Gold Price (offline) Rs 4,791
Subscription Date 29 November to 3 December 2021
Invest Mode Available Offline/ Online/ Digitally

Sovereign Gold Bonds (SGB)- How it Works

Sovereign Gold Bond is a government bond scheme. It is issued by Reserve Bank of India. It can be converted into demat form also. Its value is in the weight of gold. If the bond is worth five grams of gold, then the value of the bond will be the same as the price of five grams of gold. The issue price has to be paid to a SEBI authorized broker for purchase. After the bond is sold, the money gets deposited in the investor’s account. The minimum investment can be done is 01 gram of gold in Sovereign Gold Bond Scheme. Sovereign Gold Bonds gives a fixed interest rate of 2.50% per annum on the issue price.This money reaches your account every 6 months.However, tax will have to be paid on it according to the slab.

Sovereign Gold Bond Scheme- What about Purity & Safety

According to the National Stock Exchange (NSE), the price of gold bonds is linked to the price of 24 carat purity gold published by the Indian Bullion and Jewelers Association (IBJA). Along with this, it can be kept in the form of demat, which is quite safe and there is no cost on it.

How to Invest or Buy Subscription of Sovereign Gold Bond Scheme 2021-22

There are many investment options are provided by the RBI for investment in Sovereign Gold Bond Scheme 2021-22. Investment can be made through bank branches, post offices, stock exchanges and Stock Holding Corporation of India (SHCIL). The investor has to fill out an application form. After this the money will be deducted from your account and these bonds will be transferred to your demat account.

PAN is mandatory for making Sovereign Gold Bond Scheme investments 2021-22. The bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), recognized stock exchanges, National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

Disclaimer: All the details available on this page or on this website “https://ift.tt/3xysPZF; about Sovereign Gold Bond Scheme Subscription, Price, Investment and others are shared only for the information purpose and collected from various media and social media sources. Everyone should use their own discretion for investing in the scheme. And before investing, read all the terms and conditions carefully. For more information, you must check the official website of Reserve Bank of India and the concerned authority as well.

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