Sovereign Gold Bond: If you want to invest in gold, here’s a golden opportunity for you. Digital gold can be purchased through State Bank of India from 9th to 13th August. According to the government-set price, you are paying Rs 4,790 per gram.
Get an additional Rs.50 discount per gram
The Ministry of Finance said in a statement on Friday that the fifth installment of the Sovereign Gold Bond Scheme 2021-22 .. Series will open on August 9 and close on August 13. The date of its disposition will be August 17, 2021. If you pay online, you get an additional discount of Rs 50 per gram. Previously, the serial four delivery price was Rs 4,807 per gram. It opened on 12 July and closed on 16 July.
The Income Tax Department has returned Rs.
State Bank of India has given customers 6 features of Sovereign Gold Bond.
Liquidity: Bonds are subject to liquidity in stock exchanges within fifteen days of issuance.
Return Guarantee: One of its main concerns is that investors get the benefit of raising the price of gold. Additionally, they also receive a guaranteed fixed interest rate of 2.5% on the investment amount.
Tax Exemption: Long-term capital gains tax is levied after three years
Loan Facility: At the same time, it can be used to its credit. The term of these bonds is 8 years and the premature withdrawal can only be done after the 5th year.
Exemption from GST and Making Fees: Fees such as GST and physical gold are exempted.
Free from storage problem: One does not even have to deal with the problem of managing digital gold.
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